A rise in consumer spending added to bets about the strength of the economic recovery. Investors were also looking to get in ahead of a long weekend. Morgan Stanley said that suppliers expect to sell 2.5 million iPads in the first three months. For every 1 million iPads Apple gets $0.25 of EPS. Bullish sentiment still prevails. The QQQQ implied volatility inched to record lows.
Tuesday, March 30, 2010
Gained on consumer spending
A rise in consumer spending added to bets about the strength of the economic recovery. Investors were also looking to get in ahead of a long weekend. Morgan Stanley said that suppliers expect to sell 2.5 million iPads in the first three months. For every 1 million iPads Apple gets $0.25 of EPS. Bullish sentiment still prevails. The QQQQ implied volatility inched to record lows.
