Earnings are coming up for the big boys and odds favor the market reacting favorably to AAPL, because that has been its history. With AAPL always lowballing estimates, they will come up with another big beat and the pom poms will be out in full force. That should lift the futures in the after hours. Whether it can maintain that strength is yet to be seen, but this market seems hell bent on going to 1200.
Yes, the crowd is getting more complacent but we're not at January or April levels in terms of bullishness. And coming after such a big washout in May-August, stocks are in stronger hands now.
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- Churning
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- Watch 1156
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