If Cisco's CEO's comments on global economic situation are as positive as Jack Welsh, GE CEO was today...then upward momentum will happen fast fast fast, I hope the buy trades don't get caught up in backlog to bad. The support range is from 101 to 116. Lot's of day profits to make in these swings between range marks.
If Greenspan spooked some in misinterpreting thoughts of inflation, then it didn't spook all the investors because gold is down, down, down today. Market Cap is flowing into cash and what stocks will investors put in back into. Not bonds, not real estate, which leaves Big Safe Market Cap firms like CSCO, LU, GE, MSFT, INTC. |