Monday, June 29, 2009

Short Week

<--- 2-year look at the S&P 500. I just glanced at lots of time frames from 3 months to 40 years to try to find an S&P chart that made it look like more than a normal correction was in the cards. Couldn't find it.


Futures are pretty directionless this morning and foreign markets are creeping mostly higher. The M&A folks took the weekend off so nothing to report there.

Madoff gets sentenced at 10:00 am and the lynch mob wants nothing less than the high end of the range, in the well-past-his-death number of years. It doesn't matter to me as long as it's not a slap on the wrist.


According to DisplaySearch, TFT panel makers are set to hike prices in July -- on 26-47" LCD TVs by 5-10% and on 32" by as much as 16%. More signs that cyclical tech has bottomed and should continue to work.

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