sp'60min
sp'daily5
Summary
I'm guessing this opening decline is nothing less than a little shakeout after yesterdays 2% index gains.
Right now, there are some bear chasers getting sucked into the idea that we're going down now, and the weaker bull hands are getting stopped out.
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We will probably close comfortably in the 1380s, if not even the low 1390s.
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HPQ, daily - the embarrassment..with a sprinkling of fraud.
It would appear that those incompetent fools at HPQ are not only unable to reverse the ongoing decline of their primary business, but the 'Autonomy' company which they purchased last autumn is not much more than a shell company.
Great job HPQ board of directors! You clearly deserve a pay rise, and extra Christmas bonus!
*HPQ CEO Meg Whitman will appear live on clown network @ 10.40am.
If Ms. Whitman had any sense she'd fire the entire board of directors. But no...she will wait until she herself gets fired next summer - by those very same directors. but hey, she'll still walk away with millions
Ladies and Gentleman, that is crony capitalism at its finest!
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UPDATE 10.55am. Whitman is highly amusing to watch. Nothing less than poltical spin from her, and she'll get the boot for sure next summer...around the same time as HPQ gets kicked from the Dow'30.
sp'daily5
Looks like the bear tease is playing out. Opening minor declines, and we're already green on the SP'.
Probably chop into the afternoon, and closing a touch green.