We are in the midst of earnings season for the second quarter. So far results have been impressive.

To be sure, there were a few disappointments, but it appears that the second quarter was good for business. Revenues are growing, which reflect better sales figures and consequently earnings are higher. It is too early yet to gauge the overall gain, but anecdotal evidence seems to indicate that it will be a healthy increase.

The first quarter was impacted by severe winter weather conditions. At the time it was not entirely evident if more than weather was at play. Now is seems that is all it was.

The economy is continuing to grow and may actually be accelerating. Absent any major external shock, the money should keep rolling in and the market should climb higher.

The Lonely Bull