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Jason Wood

Kris, nice to hear from you. Glad we see eye to eye on this. Keep up the good work by the way.


Kris Tuttle

I think your post is pretty much on the money. We are doing some analysis right now and it's pretty clear that estimates in general for Q4 and 2009 are not yet adjusted to fit reality. That certainly has to happen and hopefully will be what everyone does off the Q3 reports. (why wait? but that's another sad story...)

You bring up a key issue which is how the companies will control expenses. As you know a small reduction in revenue often leads to big changes in earnings.

Of course with everyone holding down expenses it fuels the cycle of shrinkage but we'll have to see how it goes. Good advice for now: stay on the sidelines and let it all play out.

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