GOOG

JPM and GOOG have beat estimates and the early start for earnings is positive.  Positive micro, negative macro.  The European stress tests will be out of the way tomorrow, of course it will be like setting up mini hurdles for midgets.  These stress tests are a total scam to fool the public that everything is ok when the banks are leveraged to their eyeballs in suspect debt.  We'll probably get that relief rally, with the setup off this oversold day providing the springboard.  I don't expect it to last more than 2 days.