Wednesday, October 3, 2007

Market Musings 2007 10 03 PM

Markets
Markets look toppy with SPY and DIA barely moving. Not enough buying and leading stocks are not moving up and tech stocks fizzling out somewhat.

I expect RIMM to post earnings over 50 cents for the quarter, but, I have no idea of the real street expectations... RIMM may go down anyway, unless the earnings are over 55 cents. AAPL looks better situated for the holidays. But, I feel RIMM and AAPL will grow together and both will prosper, one for business market and the later for personal market.

I feel the same way about GRMN and NOK. I think GRMN will solidify and accelerate the GPS market in cell phones. But, watch GRMN for purchase based on charts.

I like Citigroup C and GS both... later being the best in making money in whatever is going on. Citigroup is just has such a powerful presence abroad and is great in credit cards.

Chinese stocks seem to be correcting and may affect our markets adversely.

Best regards...

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