It's also difficult to see profits soaring, he said, while the employment outlook is so weak.
Both tech and basic industries are forecast to see profits increase by more than 40percentt.
"People want to see profits -- and now," said Richard Strauss, a Goldman , Sachsanalyst.
They're wondering how soon most of them will see profits, Mr. Hill said.
If service-price deflation takes hold, the agencies may not see profits rebound much even during the long-awaited upturn.
"And even if they see profits -- and now -- they're not necessarily going to be convinced in this market environment".
They said investors were more optimistic but want to see profits rise before sending stocks much higher.
Though Mr. Snyder started to see profits in Ciao Bella's fourth year, he felt too burned out to continue.
Waitrose's decision to hand out free coffee and newspapers to loyalty card holders will see profits fall at the supermarket, its directors have warned.
In national income accounts, of course, we don't get to see pure capital rentals; we see profits, which combine capital rents and monopoly rents.
In a government survey of 102 exporters, released last week, more than 60 percent said that they would see profits fall because of the strong yen.
