WOW, when i went to bed last night the Chinese markets were heading down big time, it looked like the threat of "too much growth" was going to cream our markets today.
However, lo and behold, we managed to eek out some gains. Amazing all the futures traders and speculators couldn't crush the momentum we have going...God knows they tried early.
Oil was down over a buck today, always big news on CNBC, they forget to mention the April futures expire tomorrow the 20th, they're such pricks. Just once I'd like to see them report the damn news without blowing everything out of proportion. One day the economy is completely stalled, the next day it's high oil prices, followed by, (in no specific order), inflation, interest rates, earnings...blah, blah, blah. Apparently the sky is falling everyday over something, while these jackasses make the non-professional viewing public slip into panic mode almost daily. I wish they had some sort of repercussions for the way they manipulate the market. Pathetic really, but I digress.
Earnings was the word of the day today. All in all a pretty good earnings session, some misses...but for the most part no REAL surprises.
I'll update some specific equities on Friday night, with some picks for next week to chew on through the weekend.
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