Stocks Should Rebound Today. Look For Strong Tech Earnings Mon and Tues.


This morning, stocks are testing the downside after a big run last week. The SPY bumped up against resistance at 123 on Friday and the head winds will start blowing. Over the weekend, analysts are less optimistic about Europe’s “grand bargain”. The comprehensive plan will be tough to draft with so many opposing opinions. Europe has dragged its feet during the last 18 months and I sense disappointment on October 23rd when the details will be released. Even if a master plan is crafted, financing still has to be secured. Many analysts feel that Europe needs more than $1 trillion and …

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