Market View: Ugly start to 2008

Market View: Ugly start to 2008 -Update- -Technical-

The market's performance headed into the session was one sided as the Nasdaq Comp and Russell 2000 were down the previous five days. Despite the already extensive slide the market took it on the chin off the open following the lousy jobs report (payroll 18 K consensus 70 K, unemployment 5.0% consensus 4.8%) and continued to slide late into the day. The breakdown extension has seen the Dow and S&P drop roughly 5.7% (high to low) off last week's peak but this is still better than the Nasdaq Comp (-8.4%) and Russell 2000 (-10%). The slump was virtually across the board (only Utility up 0.9%) with Housing -5.8%, Computer-Hardware -5.5%, Casino -5%, Disk Drive -4.8%, Internet HOLDRs -4.7%, Transports -4.5%, Semi HOLDRs -4.3%, Paper -4.3%, Bank -3.9%, Broker -3.8% pacing the way.

I am running on a new server so the IP address to the radio is different so if anyone is experiencing tech difficulties connecting you should just refresh the radio page and connect again this is the link location http://70.85.112.3:8000/listen.pls

AKAM Akamai Tech: Look for AAPL to announce online movie rentals at MacWorld; AKAM to benefit - AmTech

AKAM Akamai Tech: Look for AAPL to announce online movie rentals at MacWorld; AKAM to benefit - AmTech

AmTech expects Apple (AAPL) will discuss a new movie rental service for iTunes at MacWorld Expo 2008. They believe this will be viewed as a positive demand driver for online content delivery services and for AKAM in particular. Such a move by AAPL would likely force both AMZN and NFLX to respond, and this could become a catalytic event for the industry, says the firm... They say AKAM is a key beneficiary as the primary distribution partner for AAPL to the extent that AAPL moves the industry, this should be good for all CDN providers. The firm believes this will be another strong year for content delivery moving online and expect the stock will be a strong performer.

Will be Back on the AIR JANUARY 3rd

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