They got to get them low enough so that the reporting company can -- as Maria says, "Beat the Street!!"
Richard W.
"And the beat goes on..."
Today may well have been the first day of the next major down wave. We should know for sure by the end of next week, although the holiday trading period through next monday may well lack conviction and clear direction. But the put/call ratio, advisor/investor sentiment, mutual fund cash levels, VIX and VXN indices, and the relative size and timing of the current rally are all signalling that the time for resumption of the bear's ferocity is at hand.
Look out below.