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Author: prichards Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 476  
Subject: tonite's quote worth re stating Date: 9/13/1998 10:04 PM
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Rich Bernstein,
chief quantitative strategist at Merrill Lynch. "But in terms of growth, we
are basically in a profits recession and that recession is going to deepen.
What does that mean? I would say the most important thing it means is you
stop paying attention to operating profits and start looking at reported
profits."

Bernstein contends that many companies will be reporting "one-time" charges
that should be viewed somewhat suspiciously.
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