The economic data are very downbeat and the market is speculating that Fed is going to do a QE3. My take is QE3 won't happen. The cost is much higher than benefit for another round of QE. The inflation would fly higher and average American will suffer. Emerging market will have to tight more and Fed's reputation will suffer greatly.
There is rumor that MSFT will buy Nokia's wireless business. It would be good for MSFT if it happens. Nokia still has the biggest market share in emerging market. If window platform can takeoff, then the merge will be good for both companies.
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