This article is inconsistent with the realities of markets.  Current prices include all available facts to investors meaning that if there is a consensus that firms will surprise on the upside in the second quarter that that is already baked into the price.  With the market up 17% over the year the more likely scenario is the opposite.  Strong earnings will reinforce the case for existing levels will misses will lead to drops in valuations.  Simply put, what is described here is downside asymmetry,  the enemy of the short term investor.