The stock market is a forward-looking beast, and that's why we are seeing futures dip lower even amid some very strong reports, such as the ones from financial institutions.
More Quotes from Tim Ghriskey:While it's certainly an industry issue, we believe Ericsson is having a hard time competing in networks against competition. That appears to have led to a major shake up at the top,
This lends a positive tone to tomorrow's opening, as well as crude being down significantly today.
It's taken a while to generate the real increase in trash levels that these companies benefit from. That's what we're finally seeing flow through here.
There has been very much a sea change of investor opinion here. We've gone from a period where the Fed was simply moderating growth to a period where the Fed is trying to restrain growth or even depress growth.
Clearly Delphi is under pressure here, and their threat (of bankruptcy) is a real threat. Their first order of business is to try to renegotiate some of those (union) deals and terms to ensure the viability of the U.S. business.
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The decision he made with Usama bin Laden was a tactical decision. It wasn't a strategic decision. The strategic decision was made by President Bush to go after him. What President Obama has done on his watch, the issues that have come up while he's been president, he's gotten it wrong strategically every single time.
It may surprise people to know that I advocate the reform of the United Nations, not its abolishment.