Tuesday, July 20, 2010

Mohamed El-Erian : The market is giving you a very clear signal

"The market is giving you a very clear signal. It's saying, 'Let's focus on top-line revenue. It's not enough to focus on on the bottom line, because we don't want to see one-off cost containment, we don't want to see one-off items being shifted," "We want to see top-line revenue growth because we want to see sustainable earnings, and the companies are falling short...of the top-line revenue growth that was anticipated."Mohamed El-Erian told CNBC
via CNBC

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