Investors welcomed better-than-expected corporate results, signs of stability in the housing sector and solid auto sales. Large traders used the selloff as an opportunity to dip back into stocks at a lower level. NY Times reported that Google is developing an online store where it will sell business software. Deutsche Bank raised their Palm estimates and raises their target to $20 from $19. QQQQ implied volatility plunged as investors dumped protective puts and bet on the uptrend.
Wednesday, February 3, 2010
Gathering momentum
Investors welcomed better-than-expected corporate results, signs of stability in the housing sector and solid auto sales. Large traders used the selloff as an opportunity to dip back into stocks at a lower level. NY Times reported that Google is developing an online store where it will sell business software. Deutsche Bank raised their Palm estimates and raises their target to $20 from $19. QQQQ implied volatility plunged as investors dumped protective puts and bet on the uptrend.
