I’m still positive on the market but the oil price is starting to tick higher and I’d like to get us through these earnings figures. We’re actually entering the most difficult part of the year.

We’re cautious on the consumer. We have to wait and see for evidence of a recovery.

We expect a slowdown in earnings. We find it difficult to understand how earnings can continue to improve indefinitely. Any disappointment will be taken poorly.

We expect a slowdown in earnings. With oil prices high, we find it difficult to understand how earnings can continue to improve indefinitely. Any disappointment will be taken poorly.

We’re reasonably optimistic on the economy, but markets are going to be difficult. I’d be cautious.