Earnings dominate …
After the one-day-wonder of the start of Q2 … markets in the meantime lost all of its gains and waits for the earnings picture to form …
First we had the Alcoa and AMD shocks, but as the financials still draw money … UBS, WaMU, Wachovia, Lehman … and some companies even surprise … not much though … as Johnson&Johnson or Intel … the market is still waiting for the “BIGGIES” … as Citibank, Merill Lynch a.o. … we might try for another leg up …
We could test the 1400 in the S&P …
The Dax could even prove to be the outperformer 
Hold your breath … 
