From a major Wall St. guy:
"Net, remarkable resilience in the business model, $31/share in cash, and an undemanding valuation (12x most models) makes for a compelling hiding place near term."
Nokia, on the other hand, is not so great (weaker margins, weak guidance, dividend cut).
Neither is Sony.
Geithner in Washington yesterday sounded like the real deal. He better be.
The futures are inconclusive as yet but we are expecting warmer weather on the East Coast so maybe Apple and a lack of new bad news from the financials (none yet) will let us drift higher.
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