Altria/Philip Morris got good news today from the courts. Punitive damages in a tobacco case were overturned. Big corporations breathed a sigh of relief, but smokers probably found the news unsettling. HP reported good news after the bell. This should help NASDAQ's run continue. Techs showed gains in the 3/4% range today, while the large cap indexes looked puny.
DJIA +19.07 NASDAQ +16.73 S&P 500 +4.14
Independent, Fee-Only Financial Advisor
Tuesday, February 20, 2007
Smoking Guns
Altria/Philip Morris got good news today from the courts. Punitive damages in a tobacco case were overturned. Big corporations breathed a sigh of relief, but smokers probably found the news unsettling. HP reported good news after the bell. This should help NASDAQ's run continue. Techs showed gains in the 3/4% range today, while the large cap indexes looked puny.
DJIA +19.07 NASDAQ +16.73 S&P 500 +4.14
