In don't know where you are getting your info, but the savings rate is not negative. There is a lot of confusion on this. The government takes the arithmetic difference between spending and wages and comes up with an oft quoted "savings rate". That's it! They don't measure savings accounts or retirement accounts or anything....its just wages minus spending, hardly an accurate measure. Regarding ARM's it's true that many people will be hurt, but with 10 year Treasury notes (the basis for mortgage rates, btw) under 5% many are refinancing into fixed rate loans. The bottom line is that household wealth is still near record highs.
Yahoo matched revised estimates and announced a share repurchase plan, Motorola matched with slightly light revenue but nobody gives a crap about Motorola anyway.
Qualifies as an all-time bonehead move, unless ofcourse they were just trying to get some cheap shares. Then it is pretty darn smart. Who knows
Earnings quality sucks, just plain sucks, but who cares just buy buy buy, why beause the market is going up, thats all that matters right now, now move... give me some IBM, give me some INTC, move over get outta my way I want some more IBM.... I dont care how much it costs its going up buy buy buy.
Don't look now dude, but you have all the signs of an emotional trader. I've never met a profitable emotional trader in my life.