It's Not So Bad Out There

From thestreet.com 7/16/08

To my mind, things not as bad as everyone seems to think.
Alcoa(AA - Cramer's Take - Stockpickr) and General Electric(GE - Cramer's Take - Stockpickr) beat analysts' estimates. And Intel(INTC - Cramer's Take - Stockpickr), Altera(ALTR - Cramer's Take - Stockpickr) and Wells Fargo(WFC - Cramer's Take - Stockpickr) have posted solid quarterly performances. Plus, crude oil dropped $6.49 on Tuesday and is down more than $1 on Wednesday.
The consumer price index was up 1.1%, an improvement for the first time in more than three months.
Citigroup(C - Cramer's Take - Stockpickr) reports results on Friday. The stock has been crushed, closing at $14.50 after hitting $56 a little more than a year ago. Analysts around the Street are certainly going to shoot low; after all, any analyst who has been around for a while is surely not going to go out on a limb with overly optimistic Citi numbers. ...........
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