AMD tonight great company, report should be good, would not buy in front of earnings though. The semiconductors. as we all know, have undergone supply chain disruption. China keeps all the chips and screw everybody else. Do you really belive the semis are the only company's with sizable execution risk? Get real! Tonights AMD earnings might put that fear of execution risk in to the broader market.Its not priced in, that's for sure.
Also, I listened to Mohammed El Erian, on CNBC this morning. He is such a brilliant man you have to pay attention to what he says. He thinks it will be better if the FED hints at tapering tomorrow and have the market take a measured hit now, instead of breaking the news later on and upset the apple cart. I have to agree with him. (JMHO)