The third quarter earnings have been fairly well received and I think there will be anticipation that fourth-quarter earnings could be better than expected,

I think we lose concentration at the end of the third quarter and the start of the fourth quarter - think the game is done. In this league, nothing is easy.

It's going to have to be the third-quarter earnings to save the market.

The estimates are for earnings to be down 50 percent in the second quarter, 37 percent in the third quarter, and 12 percent in the fourth.

Intel gave us a good preview of the quarter, but oil suffocated the positive news.

We're going to have awful earnings reports for the second and third-quarter so we have to brace ourselves for that. To make a sustained rally, we need to see economic news and earnings news start to turn positive and we don't see that happening until the fourth quarter.