Current reporting is talking about stocks rising on lower oil prices. Unfortunately that was written about an hour ago, now they've slipped back to about break even. Averages & decline line are about even. Oil pulled back to "only" 117 on a gov report that inventories declined last week. This allows markets to pay more attention to earnings. Boeing (BA), a Dow stock, reported excellent earnings, up 38% sending the stock up 3.91. Their guidance also was encouraging with a record backlog of $346B. For those who wonder what value the weak dollar has, with the Euro at $1.60, they are clobbering Airbus in getting new business. Airbus has announced previously, their existence could be threatened. While this is probably the the largest value comparison, it is playing out with thousands of businesses exporting products.
Yahoo (YHOO) takeover drama thickens. Microsoft (MSFT) is getting nervous & may take a walk after Q1 earnings proved to be nothing special while the fight drags on. A little noticed story here because it is not local, the Royal Bank of Scotland needs a huge investment (measured in billions) after taking a whopper loss on bad loans. Can you spell sub-prime? This sub prime mess along other regular bad loans is global mess, affecting banks from to US to Europe to Asia. We don't know where this mess will take us but it does not look good.
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