The 3G iPhone is launching this morning and there seem to be a lot of genuinely excited people waiting to get one. Upwards earnings revisions driven by new product cycles are the best kind.
GE's quarter wasn't a disaster and the infrastructure business was strong. Absent a global recession, they look fine.
Citigroup is dumping its German retail operations in exchange for some much-needed capital.
BUD may agree to be taken over after all - after all of this hand wringing.
The futures are getting hammered, though. Oil is up again and nobody knows what to do about FNE/FNM.
long BUD
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