In reverse. Computer hardware prices come down every year. No big deal, it's a deflationary industry. They have come down so fast over the last 12 months that they are now hard to believe. I just got this email from Dell. Laptops under $500, desktops under $400, storage is almost free.
The level of hardware deflation makes me even more optimistic about the prospects for Apple's media tablet or notepad or whatever it's going to be in the 2nd half of the year. If you can get your "computing" stuff cheap, you can afford to spend more on "cool" stuff. Apple is still cool and becoming mainstream at the same time. Quite an act.
I still like the Amazon short against it as well. Kindle should lose a lot of momentum as Apple enters the fray.
Futures were up big and are now flat on no news. Well, some insurance companies are getting some TARP money but that's not a game changer. I didn't trust the early strength and still think the market is tired. I'd take a flat day today.