Bullish day based on INTC's earnings data and outlook. Go Bulls? So far earnings reports and projections have bolstered the markets recovery expectation. Whether or not this trend will continue remains to be seen. The signs ARE NOT clear a recovery is imminent, but the expectation per Put/Call ratios and the VIX are pushing the Bulls onto the markets.
With more earnings data due this week including bell weathers such as GE and IBM, caution is still warranted.
Here's a negative that should be considered. is on the verge of bankruptcy and the 2.3 billion dollars given them in TARP funds will go the way of the money given GM and Chrysler. The impact from a CIT bankruptcy will be felt buy small business and .. Financials are fixed? Really!
Summary: watch earnings numbers, they will tell you the market direction מצוות GoBulls |