The concept was that I would buy if the projections were higher than the whispernumbers or I would short if the projections were lower than the whispernumbers.
The muted reaction of European markets in recent sessions is evidence that the whispernumbers are benign and unfortunately, that leaves the potential for downside pressure should those tests unexpectedly reveal serious problems.
In my analysis whispernumbers crept higher, not because of fundamentals but because investors who move money from Apple (AAPL) into Google were justifying their move and analysts had to justify their recent upgrades.