Wednesday, September 12, 2007

Strong Bounce On Little News

The market is getting a nice bounce in early trading, although you know by now that I am often skeptical of strong market opens. I prefer to see a market that opens flattish and rallies into the close.Wireless equipment maker Ericsson (ERIC) issued a strong forecast, and disk drive maker WDC also raised its guidance. So those are some positive developments that are helping the tech sector at the margin.Goldman Sachs (GS) put in a big reversal yesterday, and helped lift the whole group. The brokers are up again this m[...]

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[Source: The Money Blogs]

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