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Old 07-17-2008, 04:36 PM
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Friday could be harsh

Earnings AH today were ugly all around. MSFT, GOOG, MER, etc. reported misses. MSFT even lowered guidance!

Wouldn't expect a good day tomorrow. The only wild card is oil continues to drop. Gold could rally if the dollar looks weak again.
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Old 07-18-2008, 04:38 PM
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Luckily C and IBM, etc saved the day to even out the bad earnings from yesterday and the market was steady. The Naz was weighed down by GOOG and MSFT (among others)

Corn/ethenol stocks had a nice pop today. Not sure why, short covering maybe? Haven't looked into it.

Keep an eye on MF Monday.
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