Thursday, February 5, 2009

Tech stocks find momentum as trading progresses

Following up on Friday's post "The Grassy Knoll Theory of Investing":

God help me, I'm leaning to the bull side.

And yesterday's "Relative Performance: Nasdaq vs. S&P; DJIA" and "Shoot! Cisco Q2 Sales $9.1B, $.32 EPS Beat, Shares Rising" we have this from MarketWatch:
Technology stocks continued to flex their muscles in afternoon trading Thursday, with Cisco Systems Inc. among the advancers even as the networking-equipment maker reported a sharp drop in its quarterly earnings....MORE
The Nasdaq closed up 2.06%, leading the major averages, with CSCO up 3.22%.