You seem to be missing something that appears to be a pattern that we might see more going forward – i.e. revenues dropping but profits increasing. This might mean companies are getting “leaner and meaner” and more adapted to the tough times ahead. after all the goal of a company is to make a *profit* not just to make revenue.

So your focus on revenue while ignoring the earnings uptick seems a little “rear view mirror” to me. Perhaps we need to be evaluating companies somewhat differently as they come out of this downturn ?

Having said all that I don’t believe the worst is over for the overall economy as there’s a lot of foreclosed housing inventory sitting on the sidelines and we are likely to see a few more bumps as that works it way through the system.

Nevertheless there’s a silver lining with these earnings reports that you seem to have just glossed over.

Ravi
@followwme

Half or more of what I acquired at what I considered to be a bottom – is properly termed tech investments.

I ain’t no expert or analyst – but, I’ve been hanging out on this particular street corner for 26 years. Some of it had to sink in. :)

Companies that responded quickly (typically meaning they got rid of staff quickly, usually the highest cost) can look impressive operationally.