Richard Cripps Earnings Quotations

Good earning growth. Next year, their earnings will be about $1.90 (per share). That's just 10 times this year's current stock price.

We're looking at a 12 percent decline in earnings this year for the S&P 500, and that's the sharpest decline we've had since the last recession. The confidence level that one has in looking at those earnings is very low.

You've lost your earnings catalyst so we're moving away from the second quarter. With the economy moderating you're looking at earnings estimates that are too high and have to come down.

Probably in the short term we're a little ahead of ourselves. We don't have any earnings visibility and we won't until the fourth quarter.

You're getting money flowing back into some of these big stocks and the tone is good. What's powering it is optimism that at some point and time, we're going to get this final turn in earnings -- it's buying with the thought that you don't fight the Fed.

The big fundamental for financial markets is the economy and earnings beyond interest rates.

Clearly there's some issues over earnings this quarter.

GE has laid out a fairly consistent earnings picture and the key will be to see if its timeline remains intact. Any change from that will be news.

Analysts generally can talk to companies during the first two weeks of the last month of the quarter so what we'll be looking at is the beginning of the earnings pre-announcements or commentary for the third quarter.