the market will continue sell off, it won't start moving up till later part of this year when we know who might be the president for 2013. big money isn't going to step in to buy at this level, only 4% correction from 20%+ gains from last Nov. And those who bought the market will start taking profits in coming weeks.
I don't think the earnings will be a big factor at all. if they are good, traders knew that they were all low balled from last year, so it's not a surprised if they beat. if they suck, more of an excuse to sell. big money like pension funds and mutual funds will step in once they know the next president.
Uh ya, the indices for sure. I'm counting on volatility increasing regardless of TA on Indices, 1370, etc. I'm just one fella with one opinion though.
I hope these Banker's start squirming as their stocks plunge and start overcompensating by releasing press releases.
I'm trying to think how they think. Little do they know this will increase volatility immensely. I'm pretty certain they will react like this in Europe...US Banks are more attuned and say very little until the very last minute. Europe scoialistic ideologies should get them talking. I Hope!