Third quarter earnings season begins this week and FactSet notes,
"For Q3 2013, 89 companies have issued negative EPS guidance while 19 companies have issued positive EPS guidance. If 89 is the final number of companies issuing negative EPS guidance for the quarter, it will mark the highest number of companies issuing negative EPS guidance since FactSet began tracking guidance data in 2006. The current record is 88, which was recorded in Q2 2013. If 19 is the final number of companies issuing positive EPS guidance, it will mark the lowest number of companies issuing positive EPS guidance for a quarter. The current record is 22, which was also recorded in Q2 2013."
This week's magazine contains links to articles with thoughts on upcoming earnings reports. Also, Washington continues to operate in a dysfunctional way and several articles contain commentary on the fast approaching debate on raising the debt ceiling.
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