06.10.2011 - Commodities and currencies wonít save you(r earnings)
According to the estimates UBS has pieced together, roughly two-thirds of revenue growth for companies in the S&P 500 in the second quarter was down to commodities price swings and a combination of the weaker dollar and non-US sales growth. But given the unpredictability of commodities prices ó which have declined alongside the prospects for global demand ó UBS are suggesting that such a contribution canít be relied on in the future. We hasten to agree..............................................Full Article: Source
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