Earned

Starting Monday, Wall Street will start seeing a boat load of earnings reports from virtually all sectors.

Clearly no one is expecting to see growth, and its once again a matter of which degree of bad are we talking about. There's a great deal of suspicion surrounding the stability of the big banks and their recent positive earnings reports.

Financiers are expressing doubt about the market's ability to sustain the rally. The predictions range from trading sideways to dropping.

There's always room for a welcome earnings surprise, but I still believe this is a bear market rally.

Reuters: Earnings deluge may swamp stock rally

...11 of the 30 blue-chip companies that make up the Dow will report next week...

"8,300 on the Dow suggests to me we've had such a nice run, the market is going to, at minimum, trade sideways for a while, if not undergo a more pronounced pullback next week after the expirations run its course..."

...a pullback could be seen as a buying opportunity for investors on the sidelines who missed out on the current rally...