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The latest rally in the market was initiated with optimism that Europe would come up with a plan, quickly, that increases investor confidence, avoids default and recapitalizes banks.

Big bank stocks were hit hard. The decline followed a bland earnings report from big banking leader, JPMorgan (NYSE: JPM), which promptly resulted in similar declines to big bank competitors: Goldman Sachs (NYSE:GS), Citigroup (NYSE:C) and Wells Fargo (NYSE:WFC).

The biggest enemy of investing is not emotions - but rather, taking losses.

While I don't view Greece as an issue, a slowdown in Europe would be a big deal.

I'm not heavily invested in copper for the very reason that copper prices tend to rise in line with the stock market. But copper can tell us something about one of the assets I am interested in: silver.

Chinese coal company Puda Coal (PUDA.PK) has fallen to 50 cents a share on suspicion that its Chairman (Ming Zhao) has sold American shareholders down the river, in so many words.

The market finished higher yesterday despite a bearish open. Volume was low for a second session in a row, which is unusual given the huge price move over the past three days.

With the stock market decline over the past two months, this earnings season promises to hold a few extra surprises.

On Tuesday the Federal Open Market Committee (FOMC) minutes from last month will be released and third quarter earnings season officially begins with Alcoa (NYSE: AA).

Today is another big day in the market, and the bulls clearly have the momentum.