RE:Earnings to be released before market open means $$$$$$$$On a Friday - OUCH.
Seeing all this selling pressure reminds me of the downward movement towards Q2 earnings which were dismall. There's always some in the know. Wonder if this is deja vu.
If earnings were going to be good, they would have released them earlier in the week, not on a Friday before a weekend where typically you release bad news so you hope people forget of the weekend.