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Originally Posted by Buehler445
I think the real pain will start when companies start tanking their earnings guidance on their Q1 earnings calls because....they're not stupid.
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I nearly responded to this last night and said I'm surprised it wasn't worse. Didn't take long, geez. I don't think you'll see many companies give guidance at all.
Nintendo announced the new Switch 2 console for preorder this Monday. $450. It was supposed to be available in June. Today they announced they aren't taking preorders anymore and it's on hold indefinitely now.
If corporate cap ex wasn't tanking already it's gotta be dwindling to nothing at this point. Wild times