IBM has a better-than-expected outlook for 2009 which put investors in a buying mood this morning (Our guess is that it’s kind of like when you took the trash out without being asked as a kid, mom and dad were more willing to hand over a fin so you could catch the matinee with your buddies).
The Dow rebounded 112 points early after a bit of a drop Tuesday. Overall, the indexes were up over a full percent. Not to be outdone, LM Ericsson (which makes wireless gadgets) also reported better-than-expected numbers for the end of Q4 (which is kind of like when your brother saw you were about to be rewarded for taking out the trash so he jumped in to volunteer and sweep the porch).
