IBM crushes the estimate and is up 6% in AH This is further proof that this fake financial crisis only affects A FEW sectors. Large cap tech, energy, commodities, multinational are unaffected.
"This is further proof that this fake financial crisis only affects A FEW sectors. Large cap tech, energy, commodities, multinational are unaffected." You are the most delusional person I could ever have imagined. You're a mythic personality straight out of a Quentin Tarantino film. Or maybe Fellini.
...that you'd be getting a lot further along in life if you spent a lot less time talking and a lot more time listening.
Some Hedge funds need to sell: that's why the stock markets were collapsing, and some investment banks supported by Paulson and Bernanke want to buy stocks at very cheap prices. Don't be fooled IBM preannounces 3Q results; beats estimates IBM maintained its forecast of at least $8.75 per share in profit in 2008, a 22 percent improvement over last year. http://money.cnn.com/2008/10/08/technology/ibm.ap/?postversion=2008100819 Oct. 8 (Bloomberg)``It's capitulation,'' said Masafumi Oshiden, a Tokyo-based fund manager at BlackRock Inc., which oversees more than $1.4 trillion. ``There are lots of forced sellers. If you're a fund that's going bust you need to close out all your positions.'' http://www.bloomberg.com/apps/news?pid=20602063&refer=movers_by_index&sid=aFFX4cYQ.frs