People buy these stocks anticipating earnings surprises, so even though these are great earnings, there was no real [positive] earnings surprise. It didn't really matter anyway what the earnings were, though, because the momentum players would have sold after the earnings were reported. They buy on the rumor, sell on the news.

Glenn Engel

People Positive Surprises

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The reporting earnings season is bringing increasingly more positive than negative surprises.

— Charles Dautresme

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Positive earnings surprises ... are key to any further gains for the overall market.

— Nobuyoshi Tsumori

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We're coming close to a heavy reporting season. We will start to hear positive or ... more than likely negative surprises like what we saw with Computer Associates earlier.

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Good earnings are the main support for European markets. We're seeing positive surprises and this will underpin a continuation of the upside trend.

— Jean Borjeix

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We estimate that after losing $4 billion pretax in 2005 and $28 billion over the past five years, the U.S. passenger airlines could approach break-even in 2006.

— Glenn Engel