Search This Blog

Sunday, October 24, 2010

Coming Up On Wall Street

One thing to note is that the Market's Volatility Index, the VIX, is at its lowest level in half a year.

Otherwise, the financial journalists are not giving us anything, because its always an unknown.

If corporate third quarter reports continue to come in above expectations then the market will rally. In addition there is the ameliorating mystery factor that arise without any outsider warning, such as the Bank Of China changing its interest rate structure.

Let's collectively think gains.

Reuters: Stocks may dance to big swings, earnings
...any disappointments in either earnings or outlooks could, of course, trigger a sharp sell-off.


Earnings will remain the center of attention this week. Many analysts predict that earnings will continue to support the market rally that kicked off October.

No comments: