Once More, With Feeling
Strong earnings reports from Google (GOOG) and IBM (IBM) capped off another very good day for the bulls. GOOG only beat by a few cents but management did a nice job of lowering expectations, and that has caused a big spike as buyers regain confidence and shorts are squeezed. IBM also has low expectations and is benefiting nicely.
The market looked a little shaky to start the day but an interview with hedge fund manager David Tepper on Bloomberg TV brought in buyers and they ran all day. His thesis can be summed up as "What else can you do with your funds?" He moved the market with that thesis last year and did a nice job of it again today....139 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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