1. View quote in context »
    Adding to the gloom was a signal from Standard & Poor's that it could cut the credit ratings of major car makers General Motors, Ford and Chrysler, which sent their shares into a downward spiral while the looming US quarterly reporting season also hampered confidence. "People are expecting some disappointing numbers (in the US), and domestically, we're still seeing the earnings downgrades in industrials here" Mr Manuell said. "But for our resources sector, the Australian market would be looking pretty sick. Full Article at The Australian
    People are expecting some disappointing numbers (in the US), and domestically, we're still seeing the earnings downgrades in industrials here
    SOURCE: The Australian 17 months ago