Word: gateways
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...believe the Middle East issues won't force oil prices much higher and oil could retreat modestly fairly soon. Despite the many earnings warnings, overall corporate profits will be up about 15% this year and 10% more next year. Largely ignored last week were solid results from PC maker Gateway and optical-networking company Corning...
...Haram al-Sharif, or the Noble Sanctuary. These 35 acres, blocked in by ancient walls and topped by the glittering, gilded Dome of the Rock, are a strange and holy place, splattered all too often with blood. "It is," says Rabbi Nachman Kahana, who runs a nearby yeshiva, "the gateway to heaven." And as the world saw last week, a path to unimaginable hell...
...Practically every chipmaker, computer maker and network outfit you could name - except Microsoft, which hit a 52-week low on some foul earnings rumors - was movin' on up after Gateway, PMC Sierra, and Juniper Networks all posted reassuring earnings in a day full of happy news. (Even Abby Joseph Cohen, Wall Street's kindly aunt, pitched in with a declaration that the S&P 500 is 15 percent undervalued...
...interest rates, the Mideast and presidential politics will all be around for at least a few months. The only thing investors can do is ignore them if they choose, and in the NASDAQ that's at least possible as long as those rosy earnings reports keep coming. (Heck, Gateway even said European sales were dandy.) One big session makes a bounce. Two big sessions make the beginnings of a rally. A bona fide second wind for the 10-year bull market? We'll let you know in December...
Really, how inspirational is that? St. Louis is known as the gateway to the midwest. Great. Go North and you reach cornfields. South and you reach Mississippi (lots of culture there). Let's not even get into East and West...