You have to admit, these worldwide markets are a comedy show, but the US stock markets are the funniest of all. Earnings are coming in hot and heavy now and most of these empty shell companies are sucking wind. GS and JPM were up 3% today after reporting crappy earnings. Mattel just missed big and their stock is up 3%. Wynn Resorts missed and they are flat.
No way, no how do they let the SM crater because it is the last source of economic growth.
Fearless prediction: Gold $100K oz., DOW 100K
One thing to watch though is the Russian market – RSX was up another 3% today.