The August reporting season is upon us. While expectations, on average, are low this has been offset by a strong rally (+6.28%) throughout July and valuations well above historical averages, at least for the market ex-banks and ex-resources. Should investors be afraid for share price weakness? If recent punishment for companies such as Aseleo Care, Silver Chef and Cimic Group can be taken as an indication the answer is a resounding yes. Might be a good time to consider the risks in one's portfolio. My preview to the August reporting season includes likely candidates to surprise positively and to miss market expectations. (VIEW LINK)