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  • Sarcastic_investor Sarcastic_investor Oct 9, 2008 8:57 AM Flag

    IBM preannounced and beat their estimates

    The overall economy is still pretty good. As long as the employment rate holds up fairly strong, things will be OK. Of course things on Wall Street are not great. Certain markets like autos and home builders have been in depression mode for awhile. Things will probably slow next year as the world economy slows with tighter credit. IMO, there are lots of bargains in the stock market right now. It seems these hedge funds have to dump lots of good stock at any price because they need cash now.

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