Stocks ready for big day

Stocks are poised for a big rally day. Google (GOOG) earnings reported last night followed by Citigroup (C) & Caterpillar (CAT), both Dow companies, earnings today should bring higher prices. Dow is up 107 already in pretrading. Citigroup reported bigger write-offs resulting in a $5.1B loss for Q1 but less than the $10B in the prior quarter. The loss per share was 1.02, larger than the 95¢ analysts were expecting but stock is up 7% in the pretrading market. CAT reported earnings of 1.45 up 13% & forecasting earnings in 2008 will be up 5-15%. These reports should make for a very good day in stock markets.