Dave Fry, October 20, 2009
TAKING A BREAK
It was a pretty strange day. Logic would argue for a big rally following earnings from Apple, Texas Instruments and Caterpillar; but no, instead investors focused on weaker than expected housing data and sold. It’s like I said at the end of last night’s commentary: “that’s why they play the game.”
As this is written, the “better than expected” earnings are rolling in from the likes of Yahoo and SanDisk. Both stocks are bid higher in after hours trading.
Read all of Dave’s Daily here. >>
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