Tuesday, January 20, 2009

Market in Full Meltdown Mode; IBM Has Head in Sand

Financials all over the world received the Friend-O treatment today....repeatedly. XLF financial index hits all time low.

IBM which announced better than expected results after the close, says "confident about 2009", and gives 2009 EPS guidance of $9.20 above consensus $8.75... good luck with that guys.

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