(Microsoft) has been trading like the company (had already) lost the antitrust case against the government. The stock has been extremely weak compared to its sector and especially since the company has already reported earnings.
The stocks that are up today are euro-based, ... Let's hope we can make the case that the euro problem is closer to (being) resolved than before and that's a good sign today. Whatever overhanging concerns can be relieved will help the market.
The stocks that are up today are euro-based. Let's hope we can make the case that the euro problem is closer to (being) resolved than before and that's a good sign today. Whatever overhanging concerns can be relieved will help the market.
You would hope that the strong earnings would support the market and give it the ability to react positively. But I think the case for that has been diminished lately.
You continue to have investors weighing strong earnings -- in this case Yahoo! and Intel -- versus the fear of inflation again.
For the market to make a convincing case that we've ended the decline, it's going to have to put together a few days in a row of advances or people are going to look upon up days as an isolated situation.
The market needed one economic number to put the bear market drop to bed. We got three; Employment, leading economic indicators and housing. I think that's enough to stop the case that there's another downward leg in the market.