meandering monday, page-5

It is possible that earnings season may produce better selling opportunities. Based on the previous quarter's pricing for things like commodities, bonds, mortgage securities etc I would guess there may be quite a few upside surprises to historical numbers, also that these may involve top-line growth which seems to be market's obsession atm. The outlook for coming quarter is far less rosy but whether CEOs choose to call it that way is a different question.

I still have a bit of a problem believing the top is in largely because so many are calling it that way. Perhaps this is because I'm only reading the opinions of the "smart money" and short term traders - or perhaps they are the only ones still in the market. I had better go out and ask some taxi drivers.