PreMarket Update
The futures are up. Honeywell (HON) and Microsoft (MSFT) reported good earnings, but both warned of possible soft second half for the year. We’re running right up into resistance on many charts, like Chuck said, so trade with tight stops until they are broken (or not). Still doesn’t look like the ECB is going to cut rates, disappointing some, but they are keeping their eye on inflation. The news on the bond insurers is that things are still up in the air as a lot of different options are being weighed on how to bail them out. Trade carefully, as usual!
More on this topic
(What's this?)
Egan Jones: Bond Insurers Need $200 Billion to Retain AAA
(naked capitalism, 1/25/08)
Microsoft Pirates Arrr
(Buying Value, 2/19/10)
Bond Insurers Still Twisting in the Wind
(naked capitalism, 1/30/08)
