We think a pretty strong earnings season for the quarter is pretty much cast in stone. |
We were on such a steep upslope last year that it would be hard to maintain that kind of growth this year. But still, we're coming off that strong year and still having these huge gains. |
We'll probably get somewhat of an overreaction to the pre-announcements but that will be good because it brings people back to reality. |
We're doing about what we expected. Going into the reporting season, the estimate were for a decline of 18 percent and we said we thought we'd end up about down 15 but may end up down 16. |
We're in that mode here where there's a dead cat bounce and that the glass is half full. At some point reality will set in and then the glass will be half empty. |
We're on a record-setting pace for second-quarter warnings. |
Well, it's still the beginning of the so-called confession season, but it is a little disturbing in that we're running somewhat higher than the normal number of pre-announcements that we would expect this early. And we're running a little bit more negative than we normally do at this early stage. |
You are going to have extremely good results. |