I had the same side of the Bears game as you. More as a hope than an expectation.
Although I don’t really like the implied momentum of downward revisions (I too expect some weakening in Q1), I am inclined to take that bet.
My guess is that Q1 will be “artificially” inflated by inventory build-up. Remember Q3-2006 was “artificially” high because of inventory build up, Q4 is being revised downward partly because of inventory draw-down. So I’m hoping that this oscillation is in my favor on this bet.
