Monday, February 11, 2008

Waiting For Data

Market is waiting for data beginning Tuesday to provide some direction. Vix was strong early but closed weaker as volatility faded. Everyone is anticipating bad data and volatility
to be the main theme and rarely is everyone right. Not so bad data and falling volatility may be the upcoming surprise as we head into the middle of February.

MSFT is not going to take no for an answer from YHOO apparently, with a hostile take-over probably a main part of the initial strategy. Let the big boys duke it out. Nobody really cares unless you are holding YHOO and then you are probably unhappy anyway.