Investors weighed a seesawing dollar, a slew of auto sales and reports on pending home sales and factory orders. The market looks fairly valued, and that makes it challenging for investors. However, there is still a lot of money on the sidelines, and Q1 earnings should benefit from easy comparisons to a year ago. Google released its Nexus One smartphone, the first mobile device entirely designed by the company. Apple said the number of iPhone applications downloaded from its App store has topped 3 billion. QQQQ implied volatility hit 52-week lows as bullish setiment prevailed.
Wednesday, January 6, 2010
Lacked direction
Investors weighed a seesawing dollar, a slew of auto sales and reports on pending home sales and factory orders. The market looks fairly valued, and that makes it challenging for investors. However, there is still a lot of money on the sidelines, and Q1 earnings should benefit from easy comparisons to a year ago. Google released its Nexus One smartphone, the first mobile device entirely designed by the company. Apple said the number of iPhone applications downloaded from its App store has topped 3 billion. QQQQ implied volatility hit 52-week lows as bullish setiment prevailed.
