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Robert Pavlik, Chief Market Strategist at Banyan Partners, tells BNN corporate profits will be the big driver of equity markets in early 2012.
Pavlik believes the market can move higher -- as long as a negative earnings announcement doesn't arise from a big multinational firm.
"People are expecting a pretty good earnings season," he says. "But if we get a big miss -- like Oracle -- then the optimism begins to fade regularly quickly."