Tuesday, April 24, 2007

Overnight

news. TXN reported decent news. I guess any good news is good for tech. On the geopolitical front, 9 US soldiers died in Iraq which will only embolden the dems to call for an early pullout.
I could be totally wrong, but I do think global stability becomes increasingly suspect. The US is t the glue that is holding together the current world order.

I suspect range bound trading. A lot of people think this is the final push before summer gets here. I agree. The mo tape will gets tougher and riskier as it gets longer in the tooth.

COF and a lot of the banks do not act well. The mortagage problems are very real and not going away. There are some regional banks that I suspect are going to blowup after the close.

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