For those of you who have an MBA or work in a company in finance, one of the things you learned is that forecasting is one the most difficult things to do. Now consider a company that is a toll collector such as MasterCard, there future forecast is on the economy which is more difficult to forecast then say how many iPods or iMacs are you manufacuring and hoping to sell in the forth quarter. So with that said, the past earnings were pretty solid given the recent market conditions, and if they are forecasting a slow down in border spending across the U.S. well come on folks, the storm is already here and we are on our way to recovery, or pretty close to it, trying to say is that these companies can easily blow away the numbers based on the facts of where we have been and recent reporting... No ?
1. There is no way to state what the future will be with complete certainty. Regardless of the methods that we use there will always be an element of uncertainty until the forecast horizon has come to pass.