Alpha after Revenue Inflection
The economic recovery was definitely underway in 2009 as many macro
indicators have posted encouraging numbers. There has been a sharp
recovery in some of the activity based indicators like the ISM Purchasing
Managers’ index and this coupled with gradual improvements in the leading
employment indicators point to an impending cyclical recovery. It is during
similar stages historically that we notice that the revenue growth for S&P 500
companies turns positive.full report ---> http://www.scribd.com/doc/24842916?secret_password=v6bipit1pvxpjulxf6a
[credit suisse research]
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