As I have discussed previously, double-digit percentage declines in corporate revenues is a serious issue.
Many well-respected, broadly-based companies have posted double-digit percentage revenue declines for 3Q. This is highly significant in that we are purportedly in an economic recovery; as well, 3Q 2008 should provide a (relatively) easy comparable period as the economy was struggling.
SPX at 1078.7 as this post is written