[rohry]

"IBM reported that profits fell 18% in the third quarter. The company helped to ignite a rally in the stock market by beating estimates. However, buried in IBM’s footnotes was about 10% of its pretax profits came from investment income earned by its employee pension fund. IBM has been losing money in its employee pension fund even though it has been reporting profits from pensions in its operating income. IBM has been using 10% returns in its pension assumptions. That assumption will no longer fly, given the actual losses in the plan."

[rohry]

Market WrapUp is delivered...

[EVO X]

"IBM reported that profits fell 18% in the third quarter. The company helped to ignite a rally in the stock market by beating estimates

I started off this morning reading good new about DaimlerChrysler, but my afternoon paper reported it as bad news. Until this crap stops, not a dime of money I control is going into stocks.

[LS]

Course, Xerox posted nice gains today. Guess Pupulva missed that one. Also, a small, but important, ruling on internet music as I mentioned.

So, that makes what? Five out of seven days up? 1300 points?

[Semaphore Heathcliffe]

thank you, rohry.