The following post is courtesy of George Schubert of Dorm Room Trading Inc. His opinions are his own and even though he's in college, I suppose he's entitled to have some, lol.
Macro Ramblings and Predictions.
Ok RIMM reported, they beat on net income but sales missed. This is a theme I am watching for the market as a whole.. I don't think we'll see an improvement in the economy until we see REVENUE Growth, because you can only cost cut so much over the long term.. Is RIMM gonna be a catalyst for the entire market? Speaking of catalyst I've spent a lot of nights thinking and reading and figuring out the million dollar question is, what the catalyst for a turn in this market will be.. If there is one @ all. As we have seen I think the $SPX's price will be a function of where the dollar, and oil go, with earnings as a smaller factor.. This is why I am focusing on oil and the dollar.
Oil and the Dollar:
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