V: Check out the Comments by First Albany's Investment Officer...
dailynews.yahoo.com
<<...The broad market opened with a rally after the latest economic numbers confirmed that America's investment in technology has paid off in strong productivity and low inflation.
The fourth-quarter productivity number was revised upward to a 6.4 percent gain, compared with the 5 percent increase reported a month ago. Non-farm labor costs dropped 2.5 percent, compared with the 1 percent decline reported a month ago.
Economists polled by Reuters had expected a productivity increase of 6.3 percent and a drop in labor costs of 2.2 percent.
``If you ask yourself why the technology stocks continue to do so well, the answers are in these numbers,' said Hugh Johnson, the chief investment officer at First Albany Corp in Albany, N.Y. ``The returns on investment (in technology) are so substantial that rising interest rates or worries about the economy don't matter.
The broader Standard & Poor's 500 Index (^SPX - news) was down 9 points, or 0.70 percent, at 1,381 but the Russell 2000 (^RUT - news) small cap index was up 0.48 of a point, or 0.08 percent, at 602.
Oil, gold, Internet, semiconductor and building material shares were up while transportation, retail, pharmaceuticals, and specialty healthcare were all lower....>>
Regards,
Scott
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BTW, I appreciate really appreciate all your advice. |
