Sunday, April 27, 2008
Noise
By Bob Wood, MMNS As I write this column, the stock market is enjoying a wonderful rally with the Dow up almost 300 points for the day. This market advance is in response to positive earnings announcements from several large companies whose shares trade in large volume each trading day. Last week, the market ended on a sour note with a big one-day drop, due, in large part, to disappointing earnings from General Electric. Is this the environment envisioned by long term investors? Can news from
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