Monday, April 30, 2007

Pre market

Lots of weakness across the Asian markets though the Shanghai Composite is making new highs. The European indices are fairly bullish thus far.

Personal spending rose less than forecast.


Verizon net drops though sales surpass analyst expectations.

Pitney Bowes reports lower profits on sluggish growth.

Semiconductor sales were up in March signaling perhaps the bottom in chips is here.

Pre Market futures indicate a flat open. Perhaps we will get a pullback today ? The market definately needs a breather with the 3 major indices in overbought territory.

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