(As of 7:20 am pacific)
Positive news from Asia and
Europe is propelling the market forward this morning after a five day streak of
losses. Jobless claims came in lower
than expected, but still too high to have an impact on employment numbers. Good numbers on earnings have temporarily
tabled the gloom of earnings season.
Gold is up moderately as are most commodities. Oil is recovering from a string of down days. It is a mini 'risk on' scenario, but there
remains caution and restraint as there is the feeling that the market might
reverse itself and continue its downward trend.
Uncertainty is the rule as of late as the close Presidential election
and the looming fiscal cliff have investors on edge.
