Monday, July 17, 2006

EARNINGS, EARNINGS, MORE EARNINGS

While geopolitical situation remains very volatile, the future market appears to stabilize a bit. Crude oil also fall despite the Mideast Crisis. Early morning earning releases also have a positive bend. Does today have potential for a reversal day? Despite the Crisis, I believe the earnings will be the dominate force at least for this week, and the early returns, while mixed, seem encouraging. There will be at minimum some pocket strength, particularly in those companies that deliver strong earnings. Again, quality and consistency will be the key factors.

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