Earnings, economy – here comes ‘terrible’

Looks like more companies are about to release their earnings (or lack thereof) and set the wheels in motion of more layoffs. I don’t think we’ve hit bottom yet, that is probably still a little ways off.

NEW YORK (CNNMoney.com) — Investors this week will face the largest batch of company report cards yet, in what is quickly shaping up to be the worst quarter for corporate profits in a decade.

The earnings avalanche will test the market’s mettle. Last week, the Dow fought back after falling below the 8,000 point psychological benchmark for four days in a row. Analysts say if the Dow can hang on to this level in the weeks ahead, that’s a good indication that a bottom has been set.

Week ahead for Wall Street: Earnings, GDP and the Fed

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