Markets are down due to uncertainty in terms of how much rate cut and accompanying statement.......
My expectations is changed now......fed will cut only 25 basis point...due to jump in Oil,Gold & other commodities.......
Fed will highlight their ongoing inflation focus...but will reassure the markets that they are READY to deal with any weakness in economy...PROMPTLY.....
VMW is taking a beating today as its eps came in for Q2 @10 cent vs 13....rev was shy by $1 million....
All these numbers were in their IPO propectus...as this Q ended in June...ahead of IPO ????
Q3 for VMW will be as an independent company...which should be out in Oct.....
This weakness today in VMW is very temporary......so I think !!!
RIMM,SNDK,NVT areall down due to negative tape.......
CMED had a nice GAP UP @ open and is still staying FIRM in this negative tape UP 67 Cents...
Other stocks in green @ 11.18 AM are :
FMCN ( trending UP from recent LOW), BIDU (Up $7 on target increase ,New HIGH),
WYNN ( almost @ new high),RVBD ( Up after being WEAK),LVS (Major uptrend),
AMD,HLIT,XING,SNDA,STP,HPQ.
Good luck on rest of the day.....hoping for a "green close "
BLOG does not give buy or sell.
Saleem
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