LOL! da boyz can do anything! the single most important number comes in BAD. But GE does its' usual by a penny beat, And that's all it takes to get a ram up ramp.
So we now are in "for SUCKERS only RUN":)
Lehman's comes in with upgrade of IBM plus the GE show.! Presto
06:59 ET IBM IBM upgraded by Lehman (57.58)
Lehman upgrades to OVERWEIGHT from Equal Weight; cites recent reduction in consensus earnings estimate and resulting ability to meet estimates, US stability offsetting European weakness, possible slight improvement in 2003 IT spending, and likelihood that any 2003 estimate cut will be modest ($0.05-0.10).
but for this news IGNORE
<<Retail Sales Plunge by 1.2 Percent
By JEANNINE AVERSA 10/11/2002 07:37:10 EST
WASHINGTON (AP)_ Consumers - the lifeblood of the economy - sharply cut back on their spending in September, driving down sales at the nation's retailers by 1.2 percent, the largest drop in 10 months.
The Commerce Department's report Friday sent a trouble sign for the struggling economic recovery, raising new questions about consumers' willingness to spend in the months ahead, including the holiday shopping season.
Consumers, whose spending accounts for two-thirds of all economic activity in the United States, have been the main source of power for the economy and their behavior will shape the recovery. The pullback in September reflected consumers' skittishness about a possible war with Iraq, the rollercoaster stock market and a sluggish jobs market, economists say.
The 1.2 percent decline in retail sales in September - the largest drop since November_ followed a solid 0.6 percent rise in August. September's sales decline was roughly twice as big as many analysts were forecasting.>> Max |
