Here we go AGAIN...........
Futures are down...thanks to :
Bear Stearn's sub prime hedge fund collapse...which is a major negative.........Goldman & other hedge funds have to come clean.....or else financials will be under pressure big time.....and they are dragging everything DOWN today.......
Other minor irritants for the markets are:
Bernanke testimony for two days......
CPI this AM......
INTC margin pressure......
YHOO execution issues.....
So it is a good day to look @ your portfolio and do some shuffling into stronger stocks in a DIVERSIFIED mode......
Hoping that my Gold stock UXG will be the offsetting factor in my portfolio...as GOLD is UP $2.80+ already @ 6.40 AM.....
YHOO with Jerry Yang & Susan Decker @ helm...will make progress where it needs to be....there is always a possibility of YHOO being bought out either by private equity or MSFT.
RIMM had their annual meeting yesterday....and they are extremely confident & UPBEAT about their current & future business trends....they are saying that they are in second inning of their 9 inning game......
RIMM also released a new dual system blackberry which is both WI-FI & Internet.......
RIMM'S new & improved price target by www.stockcharts.com is $378......which is $148 points MORE on the UPSIDE....closed @ $230.
Good luck in today's painful day......
BLOG does not give buy or sell.
Saleem
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