A Welcome Breather
Always like it when the market catches its breath. I like it when it discerns stories: American International Group (AIG) better than expected, Texas Instruments (TXN) good dividend boost and buyback, Caterpillar (CAT) OK, not good enough to withstand the upgrade, but Hewlett-Packard (HPQ) cheap enough to stay strong. Boeing (BA) still rallying. Wal-Mart (WMT) enduring second-thought profit-taking.
When you see individual stories transcend the broader market, that means that people aren't reacting to "the big call," the sense that "everything's about to go kerflooey," the Gartner boom call, where he says to sell everything after he says he has been incredibly bullish....120 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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