Tech ride to the rescue?

The gloomy mood is carried over from yesterday, plus, the defensive stance taken by some investors before the first batch of tech earning drag the market down today.  Obviously, the market need some catalyst to shake the mood off, and thankfully the white knights came just in time.

After the closing, INTC, IBM and YHOO all annoced better results than Wall Street expected, which certainly confirm the suspecision that the global economy will result in the better tech earnings.  The technology has been the leader in this leg of the bull market.   As long as tech is alive, so will be the bull market.   and thanks to the intc, ibm and yahoo, there will be a lot of people can sleep better tonight :)

So, hopefully, we will see a better market tomorrow.

Are we out of the wood, can we leave our stocks to the auto-pilot, and just watch idlely the market shot to the moon from here?

Well, there are more to come, and probably more volatilities, unfortunately.

For starter, there will be CPI data comes out tomorrow, even though, the latest data trend shows a tame inflation(especially in core CPI),   we never know until we are told.

Secondly, this week is option expiration week,  so, expect some additional up/downs due to added activities.

Thirdly, there are more tech earning, tomorrow, EBAY, the day afer goog.   Out of all these companies, some of them bound to miss, and that will bring the "glass half empty" crowd out...

So, Sleep soundly if you can, because you never know when the "sleepless in Seatte (or NY city, or LA or whereever) " again :) will be in rerun.