From my view, and previous comments, the oversold markets needed to be squeezed as too many investors were on one side of the http://www.cremation-ffc.fr/index.php/generic-viagra-100mg boat.
The news backdrop hasn’t changed at all. Earnings and roulette online weakening economic data continue to meet lowered expectations.
Today Citigroup (C) stated Friday that long crude oil (and I assume energy stocks) was their investment of the year. Now who would fade that call? The bank was one of the arsonists to light the bulls’ oversold market attack.
Goldman Sachs earnings were much weaker than expected. Economic data this week