IP Round-Table
Vice President Joe Biden held a big meeting on intellectual-property yesterday. CNBC reported that the Obama administration was trying to protect jobs in the movie and TV industries. Of course, if anything comes of this effort, many jobs would be lost in the technology industry. It’s companies like Cisco that make it possible to download movies in a few hours, and would Apple’s iPod have taken off so spectacularly if it didn’t play MP3 files? I doubt it. For men like John Chambers and Steve Jobs, copyright infringement is the killer app to end all killer apps.
It’s FOMC Day
The SPX was trying to recover from a weeks-long 70-point downtrend coming into to the last FOMC announcement on November 4th. After the big event, the SPX rallied up to 1061, but then flopped over and plunged into a 1046.50 close. It looked like a victory for the bears, but the market gapped-up the next morning and rallied for almost two weeks. That gap has yet to be filled.
I suppose that the dip-buyers were waiting for a scary event to buy into on November 4th. Are they looking for the same play this time? Film at 2:15pm.
i meant ~>3 since march 09
taking one of the quotes that pop here above the comments.
Never short a chart that you can’t ski.
— Wall Street Wisdom
take a look at this from november 23 till now.
http://stockcharts.com/h-sc/ui?s=C&p=D&b=5&g=0&id=p50050069053
is this chart ski-able ? if so wall street wisdom will short it.
just sayin
again I didn’t buy C in march at 1.25 and I’m not buying at 3.50 or 3.15
hope the chart helps
speaking of GOOG earlier
http://3.bp.blogspot.com/_TwUS3GyHKsQ/SyltYX3GM-I/AAAAAAAADDM/p7tn8lb5Fec/s1600-h/goog.png
looks like its also due for a retreat and that would put nasdaq on the red for a while
Well I’m a beginner with charting, and I’ve never ski-ed in my life. But I get the sentiment.
I think I’ll start getting in below 3, I didn’t buy in march either but now is different.
Thanks
K and George,
Ayn Rand had it right. The successful get
punished, and the unsuccessful get
rewarded (bailout). If the current health
bill becomes law, it looks like you and I
will be paying the health insurance of other
people.
Julie,
Everyone on the Hill should be required to read “Atlas Shrugged”. But politics is politics and may not make any difference.
BofA’s board elects Brian Moynihan as CEO. (Source: CNBC-RT NEWS).
Oh great, another car on Charlotte’s congested roads and another mouth to feed.