Saturday, October 27, 2012

When will the market be convinced?

The market sunk lower today because of some earnings and economic reports which outweighed the unexpected growth in GDP from 1.8 to 2. One year inflation expectations remained unchanged at 3.1%, which can act as a benchmark for the mandatory performance of any stock during that time frame. It is disconcerting that stocks refused to move higher despite growth in GDP and confirmation in inflation. Obviously, the market has grown tired of the economy's b.s, and it will require more inspiring numbers to re-incite confidence.

Microsoft (MSFT) released windows 8 today, and I used their upgrade program to get windows 8 pro for $15. I love it so far, and I believe it has the capacity to have a profound impact on the PC industry. To an extent, the market agrees with me, because the stock finished the day up 1.18%. In addition, I saw an effective commercial for the new operating service on Hulu. Windows 8 has a steep hill to climb in a market that is being overrun by tablets, but a revolutionary, unique product at a cheap price point is the exact description of a machine that enjoys eating Apples.

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