Markets closed for Independence Day TUESDAY, JULY 6 ISM services, June THURSDAY, JULY 8 Consumer credit, May Earnings: Lawson

Stocks trade around 20 times earnings now...and the Dow is about 10 times the price of gold. Sometime in the future, you'll probably be able to buy Dow stocks at 5 times earnings and maybe only 1 times the price of gold. Three thousand seems like a likely target, because that would move stock prices down into the right range from a P/E standpoint...

Dollar Financial Corporation's fiscal third quarter operating earnings came in at 40 cents per share, ahead of the Zacks Consensus Estimate of 34 cents.

Today, Wells Fargo reported a $2.4 billion profit in the first-quarter. That sounds pretty good -- the bank's earnings also beat analyst estimates by 3 cents-per-share, or 7%. Yet, in the context of other banks far exceeding what the market anticipated, 7% isn't much. Why didn't Wells surprise analysts? Part of Wells' merely adequate performance was its high consumer credit-related charge-offs ...

Used car dealership chain CarMax Inc. reports its results for its fiscal fourth quarter before the stock market opens Thursday.