earning season upon us

My computer has infected this malicious spyware, it disabled my task manager(thus prevent me from seeing what program is running), it changed my display with warning "your computer is infected spyware, buy spyware cleaning software".  and my laptop running so slow, even typing this blog seems put a lot of load on the CPU.  Looks like I have to talk those IT professional stationed in India tomorrow, hopefully, they know what they are doing.

On top of that, my company is planning on layoff (within next two weeks based on some signs and rumors), it really distracts my focus. 

Anyways, let me just put some short notes for the coming week

Technically speaking, stock market is strong, there are more convictions and enthusiam. This optimism are based on two premise:
1).  FED has put a floor  for the market, the market can always count on FED behind its back
2).  The recession(slow down) will be  a short one.

premise 1 is a given.  premise 2 is a hope, and at the best, an intelligent guess.

This makes the coming earing extremely important.  If the earning is confirming premise 2, then, a rebound back above 13000 for DJIA is a possibility.   otherwise, the low set in the January will be seen as too high.

The Market has been news driven for the most part of the year, the coming weeks probably will be even more so.  the mood will be swing from boom to doom with each exceeding or missed earnings.  So, be prepared.

It is said (Barron this week). the period between tomorrow when AA report its earning to the middle of May when WMT reporting is not a very good period. the five year accumulative return has been negative,  Hopefully, this year can be a different.

Anyways, good luck for the new week