Here are some charts I’m watching today.
Now for some news …
Over the weekend, Bloomberg reported that earnings were going to remain terrible until the fourth quarter. A 21 percent slide in the current quarter is expected.
The U.S. dollar is rising again, hitting a 2-week high this morning. As I predicted on my blog, today, China came out and contradicted dollar bearish statements by one of its top bureaucrats last week. China is obviously confused on the dollar and it’s confusing the rest of us, too.
Reuters tell us that: A Russian immigrant living in New Jersey was being held on federal charges of stealing secret computer trading codes from a major New York-based financial institution. Authorities did not identify the firm, but sources say that institution is none other than Goldman Sachs.
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