Stocks were slumping today off the IMF forecast of an 'alarming risk of a global slump.'
Well Fargo was sued today for making reckless mortgages sending their stock lower.
JPM and Wells both report earnings on Friday.
Alcoa kicked off earnings season after the bell by beating on both earnings and revenues, although not by much. Still, it was 'better than expected.
YUM brands beat on earnings but was light on revenue. US same store comps were up, but were slack to lower in China and rest of the world. The market liked that. Taco Bell, Taco Bell, product placement with Taco Bell.
The market action still has an artificial feel to it.