My guess there are pople looking for the doors at every little rally. After earnings is going to be very quiet and my guess is that we need to be in the low 1900s or upper 1800s in order to attract back the people getting out now.
Good earnings are irrelevant in a climate of risk reduction. Anyway why not just wait till November? Easier and avoid all the hassle of A/H dissapointments, oil price increases, mass murders etc. The market is getting like the retail business it makes all its money at Christmas.