Wednesday, April 21, 2010

Some Good Earnings Results, But . . .

In normal times, one would expect that reports of rising 1Q profits at eBay, solid 2Q earnings at Qualcomm, and a big government loan repayment from GM would allay fears of a double-dip recession and power the stock market to new highs.  Unfortunately these times aren't normal anymore.  The Dow closed up a very negligible 0.07% today. 

Can you see the future?  I can't, but futures traders certainly are trying.  Futures markets outside the U.S. remain concerned about a potential default on Greece's sovereign debt. 

Nota bene:  Anthony J. Alfidi has no positions in any stocks mentioned in this particular post.