Businesses Turn Bullish
Booyah! An incredible 86 percent of companies surveyed believe sales have bottomed or will bottom by the end of the year.
I think we already addressed this one before markets imploded with our PriceWaterhouseCoopers Global CEO Survey post. CEOs were wildly bullish throughout 2008 while we were writing of the high probability of a coming credit crunch and a lengthy depression in emerging markets. CEOs were bullish till they were no longer bullish. In other words, they were bullish right up until the global economy imploded. Most modern day CEOs and executives embrace a belief system that is completely faulty.
I think we already addressed this one before markets imploded with our PriceWaterhouseCoopers Global CEO Survey post. CEOs were wildly bullish throughout 2008 while we were writing of the high probability of a coming credit crunch and a lengthy depression in emerging markets. CEOs were bullish till they were no longer bullish. In other words, they were bullish right up until the global economy imploded. Most modern day CEOs and executives embrace a belief system that is completely faulty.
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