Picking at Fruit in a Sluggish Market
Investors woke up this morning to another lacklustre trading day.As we mentioned yesterday, the market is brutally oversold; stocks remain hypersensitive to Fed/economic data.
The chaotic situation at Delphi is also playing into the market's overall negative sentiment.
Tech is the only thing on our radar today, with Apple (AAPL) reporting after the bell.
Apple has a great track record when it comes to earnings releases.
A product announcement is due Wednesday, as well.
The Street is expecting a video iPod.
Borrowing from the terrific hypothesis put out by Barry Ritholtz over the weekend, we think a possible deal with Tivo is in the works.
At $5 dollars a share, Tivo is a definite steal.
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