Monday, April 27, 2009

Swine Flu

If you listen very closely you may be able to hear the event-driven hedge fund guys getting out of bed early to short the ag stocks, the travel stocks, anybody with big Latin America exposure. Futures are weak and this news, while not a big deal in the U.S. yet, is trumping the rest of what's going on (which is not a lot).

This will pass, hopefully soon.

It feels to me as though oil is going lower, maybe a lot lower.


There was lots of buzz over the weekemd about Apple being in talks with Verizon to offer the iPhone. This was bound to happen at some point but will be a negative at the margin for Blackberry maker RIMM in the meantime.

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