I think this afternoon with AAPL news coming out about the iphone and other related gadgets will move markets going into the last couple of hours of trading especially of course in tech, if apples iphone news is not up to favor with investors AAPL will sell off into the close in my opinion. I think that's when were going to see volatility. Apple trading at $255.75, nearly unchanged at the moment.
Apple selling off after the WWDC comes to a close, nothing really out there with the new iphone, everything was expected to be what it was, so they added in a better camera and video conferencing ohhhhhhhhhhhhhh ahhhhhhhhhhhhhh. I also believe GOOGLE is selling off a bit because apple announced that it was going to place bing into its search settings.
Perma bull abby thinks worst is priced in. What else is new, I'm sure it was priced in at 11k and probably at 14k according to her. Recovery on Track, Worst Priced In: Goldman's Cohen CNBC.com | June 07, 2010 | 02:13 PM EDT Investors remain nervous about the state of the global economy but should be comforted that things are generally better in the US than around the world, Goldman Sachs analyst Abby Joseph Cohen told CNBC. "The US economic recovery, even though it's in fits and starts and even though we're disappointed at the rate of the increase in jobs creation, is doing better than most of the other developed economies, including those in Western Europe and Japan," said Cohen, president of Goldman's Global Markets Institute. While Cohen said investors should keep a close watch on what is happening around the world, particularly in struggling European economies such as Greece and Hungary, she said most of the damage already has been taken into account. On earlier CNBC appearances, Cohen has projected the Standard & Poor's 500 to hit 1,250 by year's endâa 17 percent surge from where it stands now. "Potential bad news even under the most unlikely scenarios are discounted in share prices here and in Europe," she said. Rather than focusing on isolated events such as Friday's disappointing jobs report, Cohen encouraged investors to look at the big picture. "We believe the place to start, of course, is the underlying health of the economy, whether GDP growth will continue and whether job creation will begin to improve," she said. "That's something we'll be watching in the quarters ahead."
Getting ready for the markets to prop up higher, going long some ETFS here and there and selling some of inverse funds. Have that feeling there going to rally this market by 2% sooner than later. Just a little worried about the 1040 support on the SPX if it breaks and closes below that sub 1000 level is sure to come very quickly, if it holds support today and rallies I think SPX could rise back above 1100 in the short term which would make for selling out long positions.
Bulls better hold onto this rally today if not I feel really sorry for them Usually when the markets get this type of rally in the morning it does usually last into the close so I think its a guarantee that the markets will close up over 1% today.
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