Hedge fund king pin, Paul Tudor Jones, issued a dire warning that the current rally is nothing more than a common bear market bounce sending waves of fear deep into investors psyches. However, Abby Joseph Cohen from Goldman Sachs, counteracted Tudor Jones's negativity by stating the bull market has just begun and investors can expect at least a 10% gain in the S&P 500 by the end of the year.The DJIA gave back 24.71, the Nasdaq fell 19.89 and the broad based S&P 500 dropped 5.64.
Soaring higher on earnings expectations, American International Group ( AIG | Quote | Chart | News | PowerRating) reveals the actual second quarter earnings Friday before the bell with an expected EPS of $1.67.
Spectra Energy ( SE | Quote | Chart | News | PowerRating) announces its second quarter earnings during the trading day on Friday with a forecast EPS of 50 cents.
Madman Jim Cramer has recommended Gold Fields ( GFI | Quote | Chart | News | PowerRating) as a buy.
US Concrete ( RMIX | Quote | Chart | News | PowerRating) has forecast a loss of 3 cents for the second quarter announced before trading starts on Friday.
Ambac Financial ( ABK | Quote | Chart | News | PowerRating) has investors hoping for no more of a loss than $1.03/share for the second quarter revealed Friday prior to the bell.
Media giant CBS Corp ( CBS | Quote | Chart | News | PowerRating) profits fell by 96%.
Beazer Homes ( BZH | Quote | Chart | News | PowerRating) shortened its fiscal third quarter loss but revenue fell more than 50%.
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