(as of 7:00 AM PST)
It is a moderate opening for the stock market today. Sterling profit reports from the likes of Apple, Boeing, Yahoo and others have temporarily overcome the strong negative storm that took yesterday's investors by surprise. Markets closed down nearly 2% at yesterday's close and, clearly, there is some downward pressure still, if you take out yesterday's profit out-performers. There is a good amount of negative economic news being digested and it will likely cut into gains as the day wears on. Oil has resumed its downward journey, off nearly 2%, while gold is down a small amount. Interest rates are stable. The Euro is down and likely to be continue to be weak because of the Greece situation. Greek markets are getting pummeled since the election of a left wing government earlier in the week. Talk of a Greece exit from the Euro are as strong as ever.
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