S&P 500: 80% companies report Q3 profit above forecast

• Expectations are that Kraft will go hostile with takeover of Cadbury
• S&P 500: 80% companies report Q3 profit above forecast; highest since started tracking in 1994. Usually beat by 1.9%, now 14.9%. Only 58% beat revenue forecast, which means that increased profit was a result of cost-cutting instead of sustained growth, leading to increased volatility.