I am not eager to go long in this market but there are select names that interest me:
DVD-rental service Netflix (NFLX) and LG Electronics announced plans to have movies downloaded over the Internet to play on household televisions using a new LG-branded device. The device is due out in the second half of 2008. Business Week and AP articles.
We'll take a speculative position (25% of full stake) here ($26.77)
Stocks tanked on Wednesday, with the Dow losing about 221 points, after oil prices reached the $100 a barrel level before closing just below that mark. A report that showed an unexpected decline in manufacturing for the first time in 11 months also ignited new recession fears.
Urban Outfitters Posts big holiday gains ahead of next week's retail sales report.
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