With consumer sentiment plummeting and housing data looking worse and worse every month, are more negative earnings revisions a forgone conclusion?

Not according to Paul Hickey of Bespoke Investment Group.

He says "we're seeing a crisis of confidence and it's affecting analysts as well. We haven't seen this rate of negative revisions since early 2009."

And that's a good thing.

Huh?

"The bar is getting set exceedingly low come earnings season and it could set the stage in October for a really nice bounce!"

Get all the details. Watch the video now!

* you can find our interview with Paul Hickey at the beginning of this video clip.

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