In contrast to the last month, it was a good day for the markets today. So I want to do a mini-recap.
All eyes on Apple
First up: Apple is slated to report tomorrow afternoon after the closing bell. Expectations for their earnings report are favourable based primarily on the new iPhone, but also on the new iPad and execution on the Mac.
Some people are saying the market needs this. After a lot of volatility in October, the S&P 500 closed up 1.1% today. But, it still fell 6.9% on the month, the worst showing since September 2011.
And I've seen comparisons between Apple today and RCA in 1929, pre-stock market crash, talking about the fall in RCA in mid-September 1929 as the "warm up move". That's how negative some people are.
This is all about interest rates
I don't see it. Let...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.