Everybody had feared worse than what Apple and Intel delivered. The market had priced in a tough quarter. Overall, you have to be pleased with earnings. |
Sentiment is drifting higher on softer oil prices. All eyes remain on energy. As long as oil prices don't do what they did last year, the economy should be fine. |
We are quite dependent on decent earnings coming through to push this market much higher. With oil prices this high, one has to be more nervous. |