The second quarter was all about the "Green Shoots" which I described adequately in the pictorial below. I wonder how earnings will be presented.... 2Q was great and we are cautiously optimistic for 3Q and 4Q.
http://oahutrading.blogspot.com/2009/07/i-found-green-shoots.html
All asset classes are tracking each other. DID YOU HEAR THAT? This is not normal. It is part of deleveraging / deflation. They are all going down together.
EARNINGS: a number of issues we have talked about have earnings this week.
WWW, YUM, GAP, HOG, JPM, MAR, PII, ESLR, SCHW
Also, one I didn't chart was HOKU. They have heavily invested into PV panel manufacturing while PV panel prices are crashing, they are just building a factory now.
And watch USO, oil is crashing, but this is a possible long.
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Insightful and Useful Comment!