PISANI, TRADER TALK, BLOG, CNBC, CNBC.COM, MARKETS, STOCKS, STOCK MARKET, STOCK MARKET NEWS, CNBC STOCK NEWS, CNBC MARKET NEWS, INFLATION, OIL PRICES To buy or not? That's the question facing traders today. Note that while financials are strong, the rest of the market is quite erratic. Only 4 of the 10 S&P sectors are up. That's due to questions about the global economy and earnings. As examples, we saw three well-known companies gave lower earnings guidance today: Pepsi , Ingersoll-Rand , and Supervalu . Simply put, the fear is that earnings are going to put a cap on how much the market can realistically rally. That's not preventing the bulls from being optimistic, particularly in financials. Citigroup upgraded all the banks to "Buy," calling the new plan a "deal...
[read full story]