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"But we're braced, at this point, for a fairly soft earnings season, and it's not going to be dismal".
KBW announced soft earnings on Monday, but said that it was seeing improvement in capital-raising activity and the mergers-and-acquisitions pipeline.
David Joy, the Boston-based chief market strategist at Ameriprise Financial, said in a telephone interview, "The market is not terribly disappointed by what appear to be soft earnings compared to where we've been.
Soft earnings, high crude, even additional disappointments from the world of subprime these setbacks are already being anticipated and accounted for by short-sellers and options players.
The sale is part of Tenet's plan to sell 14 hospitals in an effort to shore up its finances as it grapples with soft earnings, and with probes into its Medicare billing practices and physician recruitment.
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Top tech stocks such as Dell dell and Microsoft msft are trading at 60 to 80 times earnings despite signs of softer earnings in the PC industry.
Despite warnings that a deal would need to be brokered by Sunday night before the Asian markets opened, stocks merely stumbled on Monday — the type of weakness usually associated with soft corporate earnings instead of an economic apocalypse.
LOS ANGELES — The Walt Disney Company reported unexpectedly soft fourth-quarter earnings on Thursday, hurt by a calendar quirk, the shift of some ESPN revenue to the third quarter and continued weakness in the theme park business.
Everyone from Intel to National Semiconductor to Applied Materials has announced weaker earnings, soft sales and layoffs.
American Express, declined after the card issuer said Thursday that it expects softer fourth-quarter earnings and a weaker profit in 2008 thanks to the slowing U.S. economy.
"The economy is soft, which means reduced earnings, which translates into concerns about corporate giving," she said.
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