From PragCap

• 74% of companies are beating EPS estimates
• 86% of companies are beating revenue estimates.
• Revenues are growing at a 9% year over year rate.
• Revenues per share are growing 7.5% year over year.

On Housing (Case-Shiller -1.59% for Nov, Expected -1.5%)

• Early last year I expected home prices to decline anywhere from 7-15% further. Depending on the source, home prices have fallen 3-5% from those levels. It would not be surprising to see the market experience another 5% decline in the coming 12 months. Any exogenous shock to the economy would put downward pressure on these estimates.