TheStreet.com RealMoney

How Do the Analysts Not Get This?

By Jim Cramer

About this article:
What's with these analysts? Just like the fiasco of bank earnings last year, where the analysts kept their numbers high in the face of obvious losses and dislocations, the analysts are once again wild high in their pitching. Did anyone really think that Caterpillar could earn $4 or $5 in this environment? Did anyone think that Du Pont wasn't banking on a much better quarter than was possible? Why can't these analysts extrapolate the horrors of a worldwide recession and take numbers for these industrials down to reasonable and doable benchmarks? I am reading through the Du Pont quarter, and it's so obviously terrible that, well, couldn't it have been obvious before the quarter was reported? Do we have to see the minus 3, 4, 5 GDP numbers before we recognize that even the best of the industrials can't come near what they thought they could...

You have just read the beginning of a premium article from our RealMoney Service. To read the rest of this article and sign up for a FREE trial please click below.

ACCESS STORY & START A FREE 14-Day Trial
Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET.
Outside the U.S. and in Canada, call 1-212-321-5200.



Already a RealMoney subscriber? LOG IN.
Username: Page data is submitted securely.
Password:
Forgot your Password? Click here



100% Money-Back Guarantee
If you decide to subscribe and you're not completely satisfied with TheStreet.com RealMoney, just call us within the first 30 days of your subscription and we'll refund your full annual subscription price — guaranteed.





If you choose a 14-day free trial of RealMoney and you do NOT call to cancel within those 14 days, you will pay $129.95 — a $100 savings off the regular annual subscription price of $229.95. Unless you cancel before the end of that year, your subscription will automatically renew for another year at the then-current subscription price.

Offer applies only to new annual subscriptions, and is subject to change at any time. Void where prohibited.

If you choose a monthly subscription, you pay $34.95 per month. You will be notified if the current monthly rate of $34.95 changes at any time in the future.

TheStreet.com is a publisher. None of the contributors or their affiliates will provide you with personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. From time to time, any or all of the contributors or their affiliates may hold positions in securities mentioned and they may trade for their own accounts. In cases where the position is held at the time of publication, appropriate disclosure is made.

© TheStreet.com, Inc., 14 Wall Street, 15th Floor, New York, NY 10005.