| Reliable Pre-market Forecast for 4-20-09
The much anticipated Bank of America Q1 report was delivered this morning. The report showed better than expected earnings, but warned of problems with consumer credit. BAC indicated credit quality declining in all lines of business. There was expectations that BAC would beat estimates, so the earnings, although positive, doesn’t appear to be much of a surprise to investors. Investors may be focused on credit concerns and an increase of BAC’s loan loss reserves as an indication of more trouble ahead.
It appears that the markets will open lower today. Hasbro Q1 profits drop. Hasbro Q1 earnings and consumer credit concerns may weigh down on the consumer discretionary sector today. At the open it appears that VCR will close lower today.
At this point, it doesn’t appear that we will see an across the board sell-off today. Investors may look to the healthcare sector today as a safer place to hold security assets. Therefore, XLV may close higher today | 
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04-20-09, 08:12 AM
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