2016-01-16bloomberg.com

``Stocks are losing their last line of defense. Amid a selloff that erased more than two years of gainsĀ -- about $14 trillion -- from global stocks now on the brink of a bear market, at least earnings stood as a potential bright spot. Those hopes are fading: analyst profit downgrades outnumbered upgrades by the most since 2009 last week, according to monthly data from a Citigroup Inc. index that tracks such changes.''



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