The Momentum Has Stalled - FOMC Should Provide an Afternoon Spark.
The overnight news has been fairly light. Traders are focused on earnings and the results are mixed. President Obama's State of the Union Address had a few interesting items, but there weren't too many surprises. The market started off on a negative note when selling in Europe spilled over to our market. Earnings from Siemens yesterday and Ericsson today pressured stocks. Greece has still not come to terms with private investors. The coupon payment seems to be the sticking point. Analysts believe the haircut will come in around 65%. The President bashed financial institutions and we can expect new regulations. He …
January 25, 2012
• Posted in: Options
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