(As of 7:00 am pacific)
News is quiet ahead of a wave
of earnings reports. There was marked
relief when JP Morgan Bank announced and beat earnings estimates in spite of a
huge trading loss incurred by a rogue trader.
The dollar was down as were most commodities. Gold is down slightly and oil is up
slightly. Interest rates are
stable. News out of Asia was mixed and
Europe had some positive data to report, although nothing has moved the markets
much this morning. It feels like the
calm before the storm as an unnatural stillness persists.
