All that glitters is sil-vuh:
- Stocks once again showed that we’re all idiots for thinking a move into the red is going to be sustainable, as all three of the major indices re-set two-and-a-half year highs. Interestingly enough, its small-caps that are carrying the day recently, as the early start to 2011 that saw large-caps reassert themselves has waned, especially since the beginning of February. Commodities, however, were the star of the day — to historical proportions. Silver prices set a 30-year high, and cotton moved above $2 a bushel — that doesn’t sound like a lot, does it? — for the first time. Ever. Oil moved back above $86 a barrel, but natural gas fell 1.3% after an uninspiring inventory report. Despite the up day in equities, bonds also rallied, and the 10-year note’s yield has fallen to 3.57%, its lowest level since Feb. 3.
- After the closing bell, shares of Sunpower (NASDAQ:SPWRA) climbed nearly 7% after the company blew away fourth-quarter earnings estimates and raised expectations for fiscal 2011 profit and revenue. Brocade (NASDAQ:BRCD) shares gained almost 5% in after-hours trading following the company’s earnings report. The company beat fiscal first-quarter estimates and projected second-quarter results above current Street estimates.
- On Friday, everybody will stand around counting their profits while waiting to skip out for the three-day weekend, as usual. There is really no economic data to speak of, and if you’re the kind of person that can get excited for Campbell Soup’s (NYSE:CPB) earnings on Friday morning, you definitely do not need nor deserve a three-day weekend.
OUT THERE SOMEWHERE:
- All these new Wi-Fi devices among the unwashed masses — it isn’t lost on the hackers.
- Some of those Chinese frauds — more harmful than others.
- Sort of refreshing that this kind of thing can still happen in state politics.
- Hopefully, technology is not eating your job.
- This just in: being middle class stinks worse than it used to.
- If only — a truth serum “letter” from Borders’ (NYSE:BGP) CEO.
- Mark Cuban sees Internet valuations as a private equity chain letter.
