THE OVERBOUGHT GAP
Equity futures are trading higher this morning but well off their best levels as the GS number beat expectations but probably not by enough.
My guess is the markets get sold this morning on the news as it is turnaround Tuesday- and we are overbought with RSI 2 numbers near 90 on the major indexes before the open- so a filling of the gap probably the first order of business.
And been bad with the links of late so here goes:
Mort on 10 reasons employment is lots worse than we think;
Not a Cubs fan - but this is a bit surprising;
And destroying CIT;