21.   A decline in the expectations for technology companies is what is dragging down the earnings growth forecasts so quickly.

22.   A weak won makes Korean exports less expensive than their Japanese counterparts, and could force Japanese exporters to cut their prices -- and their earnings forecasts.

23.   All those earnings forecasts, flung far into the future, eventually feel the pinch of higher rates.

24.   Brazilian stocks rose as analysts boosted their earnings forecasts for Telecomunicacoes Brasileiras SA, or Telebras.

25.   Building materials supplier CSR Ltd., fell for a second day amid concern the pace of the economy is too slow to justify company earnings forecasts, traders said.

26.   But a lot of companies have announced that they do not expect to meet earnings forecasts for the rest of the year.

27.   But the market also got some favorable economic news and positive earnings forecasts that buoyed investor spirits.

28.   But then, in late May, the market turned skittish again as a flood of disappointing second-quarter earnings forecasts were announced.

29.   Charles L. Hill, director of research for First Call, which tracks analysts earnings forecasts, was even more emphatic about the rate prospect.

30.   Chuck Hill, director of research at First Call, noted that earnings forecasts are holding up even for some economically sensitive sectors despite higher interest rates.