It was an extremely strong quarter in a very difficult environment for the auto industry and really shows that the restructuring … is on track.

This should lead to a positive tone to the start of the market today and to the outlook for industrial earnings.

Even though this was a well-anticipated reversal… the market still has reacted positively to the ruling in pushing up tobacco stocks, because this removes yet another legal impediment to the survival of the industry.

After the peak season ends, the fee increases will kick in and that will be a major driving factor in boosting earnings for the full year.

While it’s certainly an industry issue, we believe Ericsson is having a hard time competing in networks against competition. That appears to have led to a major shake up at the top,

Earnings in 2006 will be influenced by a combination of higher rates, energy prices and perhaps even lower demand. The market is not excited with stocks right now.

The big thing is the second-quarter sales and earnings (forecast) being below expectations. It’s not going to be greeted favourably in this environment.

It’s that upside guidance that really seems to drive the stock price in these situations.

The jump in oil prices lifted shares in the whole energy sector. And we also had very strong confidence numbers, which helped support the rest of the market.

It’s tax loss selling. I haven’t heard of anything else.

The drop in oil prices is definitely positive for stocks. It takes some of the pressure off the markets, even if it is only for a short period of time.

Its valuation means it’s priced for perfection and perfection was not delivered this quarter.

I think the big thing is the second quarter sales and earnings being below expectations.

They continue to lose market share. Incentives didn’t seem to really help the situation here. You have to wonder if the incentives are really the right way to go.