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The world’s largest economy has now taken it on the chin in the last 9 out of 10 sessions with global and emerging market following. The old saying “sell and go away in May” seems to have been the right call for those that did just that. For the rest of us a healthy diet of risk off assets appears to be the name of the game.
If you shorted Research in Motion (RIMM, quote) and went long on Samsung (SSNLF, quote) last month, then you probably made a tidy profit. More profits are ahead as the trends Emerging Money reported on in April continue.
U.S. futures point to a positive open on the back of the euro zone being green across the board with a ray of light penetrating the European cloud of uncertainty.
U.S. futures are pointing much lower in electronic trading this morning, as trader digest the fallout from JPMorgan’s $2 billion trading loss. The U.S. markets, along with India and other emerging markets, will be under pressure as they work through the slew of headlines over the weekend.
Samsung Corporation (SSNLF, quote) and Nokia Corporation (NOK, quote) continue to head in opposite directions, and nowhere is it more evident than in their bonds.
U.S. futures are ticking higher suggesting a possible reversal of fortune at the open. The NIKKEI closed down 0.78% while HIS and China closed up 0.26% and 0.01% respectively.
Rumors flooded the web this weekend that giant Chinese web portal Baidu (BIDU, quote) and Foxconn, the notorious manufacturer of iPhones and iPads, have been holding secret discussions ostensibly over the production of a Baidu-branded phone a la Google’s Nexus. Assuming the rumors’ veracity, is this reason to go long the stock?
