In the middle of the "Earnings" season, as it is called on "The Street" ... we find the markets digesting the first quarter rather well.

OK - so if we look at a graph of the S&P 500, as I did after the big Monday sell-off in Banking stocks, we see that the markets have recovered fairly well:

 
So that while the Standard & Poors 500 Index (above) and the DJIA (Dow Jones Industrial Averge) posted losses of 0.39% and 0.68%, respectively - the NASDAQ, over the counter market posted a healthy gain of 1.27%!

 
Looking above you can see that the NASDAQ has performed better and has even hit a high point since mid-November and yet the financial sector is NOT highly represented in the NASDAQ. 

So perhaps the NASDAQ gives us a good indicator OVERALL?!? - Yes, the Financial Sector is still mired in "ISSUES" while much of the rest of the economy is wanting to recover!?!?

Call me TOO Optimistic - NO WORRIES - I have been called worse.

So let me "think out loud" for a few minutes, with my cold and all!

The banks, insurance and automotive loan/car industry are still trying to figure out which way is up, RIGHT?!? (except Ford)

HOWEVER, health care is still strong and most of the other areas of the economy are now at a level where the only way out is up?!

We SHALL SEE what happens during the next two weeks as the "STRESS" tests of Banks is revealed!