Today was a 90% up volume day with expanding volume, obviously a strong day for the market. No surprise led by tech and financials.
Odd was RISE in VIX 3% with a 2% plus move in SPX, one of only 5X this happened? a few days near END of 2002 Bear rally.
The strength may suggest odds favor the rally is not over, BUT L stats this PM were NOT that impressive considering the move. So there is no change at this time that this rally only interrupts the larger degree trend which is down.
Remember friends, why dont the Banks release results with the reporting rules that WERE in vogue during this crisis so we as investors can make a more reliable inference to their current estimates.
INTC operating info from 2007 (just reported $8B this qtr)
Our net revenue was $38.3 billion in 2007, an increase of 8% compared to 2006. Higher microprocessor unit sales were partially offset by lower microprocessor average selling prices. Higher mobile chipset unit sales also contributed to the increase in net revenue.
YUM BRANDS recently LOWERED their outlook.......what do they see?
D
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