[8:00am ET] The noise level is building from the ‘experts’ on TV. By the end of the week, I expect that most of the S&P 500 earnings will be in and probably 20% of these companies are likely to disappoint. Then there will be a new round of stories, mostly negative. But, as long as the Banks can manage their capital issues, which is likely, and we see more instances of insider buying from bank officers and directors, like JP Morgan CEO Jamie Dimon for instance, the market will also likely be net buyers, and prices should generally lift.
Enjoy your day and your week. I