Markets Rally As Fear Fades

The markets are in rally mode as fear is fading around the globe. Earnings are giving investors a fresh reason to buy the markets and the Dollar is dropping. Yesterday, International Business Machines Corp. (NYSE:IBM) reported solid quarterly results. This morning, more great reports emerged from the likes of The Coca-Cola Company (NYSE:KO) and Wells Fargo & Company (NYSE:WFC). On the slightly negative side, Bank of America Corporation (NYSE:BAC) and Goldman Sachs Group, Inc. (NYSE:GS) both reported earnings that did not meet Wall Street expectations.

Overall, the earnings picture has been good and the markets are rejoicing. In terms of a solid risk reward play, it appears Bank of America is at a level which is now finally attractive. The negative earnings loss of $8.8 billion should be factored in by the close today, and the overly bearish sentiment on the financial stocks near a climax. When all others hate it, start loving it. That is the golden ticket.

About Gareth Soloway 168 Articles


Gareth Soloway has been an avid swing and day trader since his days at Binghamton University where he studied Economics. After college, Gareth quickly excelled as a financial advisor, helping clients get their financial houses in order. While helping others gain financial independence, he continued to study the day trading and swing trading world, developing a unique market philosophy and proprietary methods. Following his work in the financial sector, Gareth went on to trade alongside professional traders. Unable to tolerate the hype of Wall Street any longer and having an amazing ability to profit using his developed techniques, Gareth Soloway decided to partner with his friend and colleague, Nicholas Santiago to form Chief Market Strategist Gareth Soloway serves as the president and CFO of InTheMoneyStocks.Com.

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