Pushed to the Sidelines
It is tough slogging as the news flow delivers a steady supply of landmines -- a very weak Richmond Fed report is a good example of this. All of Monday's intraday bounce is gone and the market is trying to hold the lows. Baidu (BIDU) is the only big-cap stock doing much on earnings, while even Apple (AAPL) is losing its early pre-earnings optimism.
Clearly, great uncertainty in Europe and lackluster earnings are pushing market players to the sidelines. There aren't any buying catalysts, and the precarious support is keeping the technicians cautious as well....64 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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