One has to understand wall street is about EFFICIENTLY pricing in the present. o if this earnings is a miss, either Deckers trades at 68 day of earnings and falls 5-8% after that earnings or it does the falling beforehand pricing in the worst, and then climbs going into Q4 where the real money is made.
Don;t you see that if someone was REALLY SELLING, and earnings were so horrible and not already priced in at this price, that we would not be trading at 61/share? This is just a sell-off before earnings, seen it hundreds of times and then after earnings you are much higher because you are going into a more productive quarter or earning seasons. It is showtime.