today's action looked normal. defense stocks acted defenshisly. dow, s&p, and nasdaq all down. maybe tomorrow will be up? swine flu is non issue for now on the markets.
strange day in the markets today. we still do not trust this rally. especially since there has never been a sustainable rally on a weak economic recovery.
Wow what a big week for tech stock surprises. Oracle buying Sun, Microsoft losing money, but Amazon.com MAKING money in this economy. What next cats and dogs living together?
again we really don't believe this rally is for real. banking industry is just not there yet. and we also don't believe the hype that the economy might be getting better. we aren't bears, just realistic.
Scott speaks about inflation, bank profits, consumer and producer indices. He also speaks about the housing inventory, and possible recovery of the housing market
today's action on the markets was driven by the surge in technology stock and some financial stocks too. but we are not convinced this rally will last.
