Narwhal Capital Management

7/12/2010—Earnings Season

July 12th, 2010

Well, the market has bounced as the bearish Investor Intelligence Survery suggested it might.  But now we are beginning earnings season.  Frankly, this is one earnings season where I feel the visiblity in regards to the numbers these companies are going to report is quite low.  But in a day or two we should get a real sense of the impact slowing stimulus monies have had on revenues and earnings.

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