David Jackson
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Wall Street Breakfast: Must-Know News [View article]
Steve Jobs understands this well. His key quote last night: "We have amazing new products still to come this year." It's hard to sell or short a stock when you hear that sort of thing.
Proof that smart investors are looking ahead to new products: the top search on the AAPL transcript is "iAd": seekingalpha.com/artic...
Wall Street Breakfast: Must-Know News [View article]
Given the size of IBM, this probably indicates that the tech sector is less strong than the recent results from INTC and ORCL suggested. Given the weakness in the stocks of other tech leaders (eg. GOOG), it makes me more cautious about tech overall.
Note also that IBM will have a meaningful impact on the Dow today: seekingalpha.com/news/...