Iffy 2008 outlook for Wall Street

[PhiGam]

http://www.csmonitor.com/2007/1231/p02s01-usec.html

Already in 2007, profits from US business activity have been falling. Their overseas operations have become the main source of momentum.
"The domestic part of the economy is very close to recession," says Michael Cosgrove, who publishes The EconoClast, a market newsletter in Dallas. "The best situation is probably flat profits for 2008," or perhaps a modest rise, he says.

It would appear that our economy's poor performance is catching up to the major corporations. I actually hope that the economy starts to noticeably sag before November rolls around rather than after.