Google (GOOG) reports earnings for their fourth quarter after the market close today. Average estimates are for the company to earn $10.52 per share on $12.3 billion in revenue. After what happened after third quarter earnings when Google's stock plunged after the company released numbers four hours early and 10% lower than analysts expected, anything on time and in-line with expectations would be a relief to existing investors.

What spooked the Street most last October was the utter disaster in Google's Motorola Mobility division. According to Jeff Kilburg, founder & CEO KKM Financial, that troubled division is going to be front and center on tonight's call as well.

"We're focused on where they're going to come in with that Motorola Mobility," Kilburg says. Last time around the group lost a jaw-dropping $527 million total and $151 million on an operating basis, on $2.6 billion in revenues. Now that the bloom is off the rose for the iPhone 5, the Street will give Google a pass on losing some money on smartphones, but only if the company can clearly explain why a search engine needs to make hardware.

Speaking of hardware Google won't be making, the company sold its Motorola Home Business division for $2.35 billion in a deal announced last month. Jettisoning a unit that makes set-top cable boxes makes sense, but seems to be creating some accounting issues.

"Pessimism never won any battle," President Dwight Eisenhower once said, summarizing an unflinching determination that carried him through the D-Day invasion of Normandy and two terms in the White House. Today, almost 60 years to the day since he took office, pessimism is again clouding our vision and undercutting our confidence, especially on Wall Street where pros and punters alike are gripped by the uncertainty that's emanating from Washington.

And yet, there are a few contrarians out there who not only refute this pessimism but embrace it. They see the negativity and the unknown outcomes that might emerge from the fast-approaching debt-ceiling showdown as a buying opportunity.

Related: Debt Ceiling Is the ‘Big Wildcard’ for Investors, Says UBS’ Lefkowitz

"There are more positive bullet points on the negative sentimental front," says Ryan Detrick, senior technical strategist at Schaeffer's Investment Research, in the attached video. His seemingly inverted logic adds up all the areas of the investment universe that are signaling doubt and concern right now and acts on them.

"One of our favorite things that shows a lot of negativity is short interest," he says. "If you look at overall short interest on the S&P 500, it's as high as it was last June," a time when stocks had slumped to their annual low amidst fears about Europe breaking up and about China triggering a global slowdown. "Those shorts very well could be a suggestion that, yes, we're overextended in the near term, but there's still a lot of potential buying power that could push this market that much further and that much faster."