Spending Cuts Are a Major Earnings Theme

What the heck happened to spending? Everywhere we turn, we see that spending has been cut. We look at Adtran (ADTN) last night, a run-of-the-mill supplier to the telcos, and it is talking about a big decline in spending by these companies. That's something, because they always have to spend to keep up.

We heard yesterday from Burberry and Levi Strauss that people aren't spending for either the high end or the low end, as Burberry's goods cost a ton and Levi Strauss' don't....584 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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