Cisco had a good quarter and the business is experiencing an upturn. It seems the spending on technology is coming back and I expect it is going to be a good year for large tech companies like CSCO, MSFT, INTC and IBM. The question is valuation. I will rate the above four companies fair to slightly undervalued.
U$ is strong today, which would put pressure on commodity. I will be interested in IMG again around 14.2
PIGS (Portugal, Ireland, Greece and Spain) all have debt problems. How big the PIGS' story will grow is a question the market pay close attention to.
Toyota is having a huge impact on Japan. Toyota is AAA rated and cross ownership in Japan will make things complicated if its rating being cut. I expect the cost to Toyota could be billions of dollar. If there are successful lawsuits then, nobody will know the costs.
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