Brian Gendreau Guidance Quotations

It looks like yet again we're going to get a quarter with higher-than-expected earnings. Earnings guidance has been positive, and that always helps.

I don't think the market is doing that badly, but the market has bad news if it wants it. The PPI report seems to have signaled that producer price inflation is on the rise, there's been downward guidance in earnings and oil prices are going back up over $60 a barrel.

The market has focused on disappointing earnings or disappointing guidance about future earnings of just a handful of companies. When there's any hint that we're at the peak of earnings growth, the market gets pummeled.