BG,
Believe that we will see a repeat of last Quarter Earning announcements in
that companies will post earnings declines but not as much as expected.
So the Market rallied. However the result will not be as pronounced.
Really have no idea which direction the Market may take today.
Regardless, going with
DOWN on Monday,
gl,
baz
.................................................. ...............
NEW YORK (AP) --
"Stock futures traded in a narrow range Monday morning as investors brace for a crush of earnings reports,
including key readings from the banking sector. 6% of the S&P 500, or 31 companies, is due to report results this week.
S&P earnings are expected to have declined 36% in the second quarter versus a year ago.
Barring some massive surprises, the S&P 500 is on track to post its eighth straight quarter of weaker profits,
the longest streak since Thomson began tracking results in 1998.
Materials are expected to post a 78% drop in profits versus a year ago, with steel and chemicals hit the hardest.
Energy is expected to see a year-over-year profit decline of 64%
Financials are on track to post declines of 55% versus a year ago." Economic Report:
Treasury Budget 2:00pm(Eastern)
Starnet Gypsy,
Excellent call Friday "down but not by much", well done.
