Earnings season is underway in earnest. PPG will be the first in the portfolio to announce tomorrow. Then over the next three weeks, the remaining ten holdings follow suit. I truly don’t expect any material surprises in either direction. However, I do expect some positive price movement as more than a few of the holdings are in oversold territory. The bear market has been indiscriminate in its selloff. But earnings season is a time when strong companies pick up their tits and walk, and the wheat gets separated from the chaff, mixaphorically speaking.