Gold Silver Reports ~ After an early, rough start Thursday, stocks finally shot higher with the Dow jumping more than 300 points before moderating its gains after Wednesday’s brutal sell-off that sent the broad U.S. stock market down more than 10% from its highs. Of course, the indexes were oversold, so a bounce back had to happen sooner or later, but the question remains if this is simply another dead cat bounce or the resumption of the prior bullish trend. Since no one has that answer, we will have to wait and see how it plays out.
In the meantime, Wall Street is gearing up for an onslaught of fourth-quarter 2015 earnings reports in coming weeks. And even though analysts are expecting a second-straight quarter of contracting earnings growth, there is hope that the earning season will ease fears about the U.S. economy amid the current global growth fears. ~ Neal Bhai Reports
