$INTC had great earnings was up 6% and ended up 1%. $JPM $BAC $C beat earnings (not revenues) and all are down; a lot of talk about provisions being reversed, but that is one thing , another is simply making less provisions...worth investigating. Any way maybe the market haad gone up too fast from 103 $SPY to 110.
Summarising , earnings OK but doubts about future economic growth weighing (China stock market doing crap). Also euro has rallied, debt situation in Europe seems to have inproved with reasonable auctions in Spain , Portugal and Greece...but all that does not mean Europe will post any meaningfull growth...
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excellent post
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