Upgrades & Downgrades: IBM Adds to the Market's Big Blues
A bald baby boomer named Ben gave out free treats yesterday but it alas wasn’t Bernanke. Just as well for don’t be fooled by Mr. Cohen’s Vermont hippy schtick. He sold his company for a cool $326 million to the corporate conglomerate Unilever (UN) and is arguably infinitely more astute with money than the Fed head. Cooling prospects for further quantitative easing saw the Dow (^DJI) snap a three-day wining streak and sent the Nasdaq (^IXIC) down for a fifth session in six. In corporate news Chrysler sales surged 34% which will please its Italian owner Fiat S.p.A. (FIATY.PK) presumably a little more than arch American patriot Clint Eastwood for ...
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