It has been a strong week for the markets. Broad rally across the board pushed indexes higher, although today signaled an easing up on the gas pedal. I have been touting technology funds all week- actually for months but today I got a little comeuppance with technology weighing heavily on the NASDAQ : -7.64 , keeping it slightly in negative territory for most of the day. Microsoft reported earnings yesterday and they were off by 17% which affected the NASDAQ s performance today. However, it seems that investors had already discounted the recessionary effect into the price of the stock. Neither the stock or NASDAQ tanked today. Yeah! I have to say that I don't know what to expect going forward next week. It's a wait-and-see strategy for next week. We could do like ousted Honduran President Zelaya , who today ran a few feet from across the Nicaraguan border to the Honduran border and then back over to the safety of the Nicaraguan border- Secretary of State, Hillary Clinton call
Exchange-Traded Fund Blog