Next week will be extremely heavy for earnings news ,

Since the first quarter, the earnings surprises have been getting smaller and we expect that to continue based on anecdotal evidence that analysts know the economy's moving faster and all the pre-announcements that come out now.

Since the first quarter, the earnings surprises have been getting smaller and we expect that to continue based on anecdotal evidence that analysts know the economy's moving faster and all the pre-announcements that come out now,

There's a lot of confusion in the marketplace. People are pretty fearful.

Investors should remember that if we do see companies start hitting estimates and not beating them, that wouldn't be such a bad thing. It would mean there's less earnings management going on.

For the third quarter, analysts are bringing their estimates down again, but not by as much as normal. Analysts have caught on and adjusted their models accordingly.