Earnings season is upon us (more on that below), and the market indices are once again at a vital juncture. Thursday's session was all negative all the time as the jobs number proved disappointing.
The market continues to defy gravity, but now may be an important inflection point. Do the bulls have the muscle and the power to keep this rally moving or will the bears taken center stage and push the markets lower?
Stimulus From Earnings? Not So Sure
Some earnings will prove decent, but most will be a disaster. The second quarter of 2008 is going to be a hard number to beat for many firms. Even though many estimates have already been adjusted we will not see anything close to last year's earnings. The truth will come in expectations and whether anyone wants to step up and take the lead. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,328.89 | 1,102.47 | 2,211.69 | 35.46 |
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