Monday, July 13, 2009

Earnings Eve - Big Move

+185.16 (2.27%)

S&P 500
+21.92 (2.49%)


+37.18 (2.12%)

That looks to me like genuine optimism ahead of earnings, which begin in earnest tomorrow, or genuine short covering ahead of earnings. It raises the pressure on the earnings to actually be better, though.

At least SkiSteve, my buddy who kind of turned bullish but isn't really, will be smiling tonight. Until he goes back to worrying about revisiting the March lows. Nothing would surprise me.


Video game maker Take Two takes down numbers big time. The video game market is falling apart.

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