Earnings Season worries--3/25/2015

In just a few weeks, earnings season officially kicks off.  To be frank, I have some concerns about the numbers that might be posted.  My research suggests that earnings are stretched in terms of what is reasonable to expect.  Additionally, the poor weather in the quarter and the strong dollar should not prove to be beneficial to earnings.

With this being said, I have been preparing portfolios for weak earnings reports.  Should that materialize, we will not be caught flat footed.