Better Than...

Today was a whopper of a day. RIMM was up 20.77% or $34.40 a share and continued to set a new high after the close. It sure feels good to hold a large stake in a stock when that happens. The rest of the list was firm, too, with the usual suspects posting gains. We'll see what the weekend brings to AAPL and T as the much- (or is it over-) hyped iphone is introduced. For what its worth, T set a new high today and AAPL moved up another $1.48 so that may be a "tell" about what's coming Monday. Remember that T is the exclusive carrier for the hype-phone so they stand to benefit nicely.

As I see it, June was the pause that refreshes. $70 oil and a surge in interest rates did little to derail the party and now we are at the threshold of earnings reports with the market coming off the month's lows. If those earnings reports are the least bit above expectations then the market will be most rewarding in the short term.

The bad news is that the year is half over!