The economic recovery has been the thesis behind the massive rally over the last 4-6 weeks, today we get a durable goods number which says uh uh - not gonna happen , and the bulls say "dont bother me with the facts". If I was gonna boost the market for BS reasons I would do it on Yom Kippur when there are less players around and easier to get the desired results.
AAPL and PALM are looking rosy compared to RIMM. Both are up slightly versus a battered RIMM, which is dropping 15%. RIMMs slowdown makes sense when you think about it, the IPHONE has the AAPL halo and while some business people use it, it is more an AAPL generation thing, RIMM is primarily still a business tool, as layoffs continue I would imagine less BBERRYS get sold. I am a BBERRY user and I absolutely love the thing, great product too big of a stock price.
As I write the gains in the market have been erased, 1036 is suport on the SPUZ per my partner...
JB
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