- $SPY - The stock market reversed early gains today after Fed Head Janet Yellen indicated that some equities may be in a bubble. Hey but the economy is fine, the Fed will continue stimulus but still plans on ending it by October. Oh, and rates will remain low.
- $MSFT - Microsoft to announce job cuts this week.
- "Tax inversions" still in the headlines as US companies try to avoid the high 35% domestic tax rate for lower rates abroad. Why not lower the US corporate tax rate?
- $INTC - Intel beat earnings today. That was good for about a 4% pop after hours.
- $YHOO - Yahoo down around 2% after reporting earnings and lackluster ad revenues. Hmm. Are folks going to pile into this for Alibaba or is the best way to play Alibaba just to buy Alibaba?
- Still long the market with a little cash. Not much. Market valuations measured by PE is right near historical averages. It would be good to see profits grow rather than PE multiples to continue to expand.
