Wednesday, January 31, 2007

The Big MO

Altria has decided now is the time to spin off the rest of Kraft division - no doubt feeling the worst of the tobacco litigation is behind them.

So far it's a tale of two markets. The Dow is higher, thanks to Boeing, while the rest of the market struggles. Tech in particular is hurt by the SNDK news which is hurting the SOX part of the tech universe in particular today.

2:15 will still likely be a pivotal time - when the Fed releases its FOMC statement.

No comments: