Wednesday was an IBD follow through day, even though volume looked a little light. $$ Also had the benefit of 401(k) adds for those who get paid around the first of the month. Although, who knows if that’s a major influence. Maybe on lighter-volume days.
- I don’t think the correction is over, but I don’t think we’ll see too much more decline. I think we could just see some meandering around for the Summer, with a few rally attempts before making a final low.
- I’m actually adding a bit back in this morning on the negative reaction to the jobs numbers.
- Most of the new jobs today were from the temporary census worker hires. Not much going on in the private sector.
- Looks like the latest oil spill strategy is working in the Gulf. BP Plc.'s containment cap over its stricken Gulf of Mexico well is collecting about 1,000 barrels per day, the top U.S. official overseeing the cleanup effort said on Friday. A top BP (BP.L) (BP.N) executive overseeing containment efforts told CNN earlier that as that collection rate increases, it could corral "90-plus percent" of the oil. Good news! Still have a ton of muck down there, but not making things worse is the first step.
- Pros and cons over ATT’s new data pricing plans. Here’s the new plan:
If you haven't heard, AT&T will offer new iPhone users a choice of data plans starting Monday, June 7. New users will have to decide between a 200MB plan for $15/month or 2GB for $25. Any data usage above those limits will incur overage charges that have the potential to double your monthly data fees for the iPhone. Current iPhone user can keep their current unlimited plan or switch to a cheaper tiered data plan.
Gee, a new data plan at the same time a new iPhone HD (or 4G or whatever) is about to be released. I bet there are a lot of overage charges in customers futures. Streaming video, music and iChat will chew up a lot of bytes. And just think if the iTunes music goes into the cloud, ie no local storage on the device. Then every time you play music, you’re using bandwidth. Hmm, maybe I should buy some T stock…
- Pictures? Naya Rivera from Glee, who plays Santana Lopez. (She’s 23. It’s okay). There is a Maxim spread. There is a Glee Wiki for Santana Lopez, believe it or not. Santana Lopez is a competitive member of the Cheerios. She's snarky, rude, and seems to have a soft spot for both the glee club and her team mate Brittany. Santana is also rumoured to be bisexual - in the 13th episode it is implied via Brittany's slip up that she and Brittany have had sex.
- Naya is on Twitter. Lots of twitpics and Glee goings-ons. For those interested.
