IBM closed today $139.85...what is going on?
Overseas economies - mainly in Asia - are driving the market now, not the US. Demand for computers and systems is skyrocketing outside the US. That in turn means the big boys - Intel, IBM, Microsoft - will continue to see ever-increasing revenue and profit, even as the US market shrinks.
We’re no longer a “one country market”. Companies that focus on the US market are now focusing on a shrinking market...