EPS missed by 17 cents and guiding down by $1. The good news is it is not PH problem, but Worldwide problem. China is slowing, Europe is a mess. Fiscal cliff is around the corner. Dollar is is depreciating and becoming worthless. If interest rates rise, US will pay $1 trillion in interest alone.
None of these factors are fixable anytime soon. Meanwhile the overall market has risen artificially by FED pumping more money into the economy and making your assests and mine worthless.