Monday, October 8, 2007

The Market, RIMM,GOOG, AA

Last week, surprisingly, the market ran, up another 50+ points. Many, including myself were under the impression, that we were bound for a pull back last week, that did not happen. As we can see, many are still buying, but is it time for a pull back?Do we need some healthy profit taking to take place? I and many others seem to think so. Then again, that is why the market is THE MARKET, it does what it wants and when.

We saw that RIMM had very good earnings and jumped up a few points, based on increased subscribers and they made a ton of revenue. It is crazy to think this stock had a split and still ran back to $100+.

Tomorrow Alcoa AA, will report to kick off the earnings season. We will have to wait to see what companies guidance will be for the remainder of the year.

Finally Google, GOOG, broke through $600, where else can this go. Could this be the next Berkshire Hathaway??

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