Barring the unthinkable...that is a stock market able to fall more than 0.2% on the close, we shall finish with a 7th straight up week. Next week we have a holiday shortened week but the barrage of earnings begin. As always the global masters of the universe (US mulitnationals) report the first few weeks so one would expect the normal revenue surge from overseas, cost savings from the slashing and burning of American labor, tax rate gifts from various global policy and arbitrage and the like. Indeed 15 multinational CFOs will meet with Geithner this afternoon to make sure any and all corporate tax policy revision in no way takes away their favored goodies.
With the unshortable market packing away 7 straight up weeks we shall see if eight is enough.