The best thing we can do in times of economic hardship is spend. Get the economy moving people! The TSX and RIM had a great day today and so should you. Buy your spouse something nice. Take that special someone out for a nice dinner. Or, better yet, buy yourself that BlackBerry Storm you’ve been craving for the past couple months. Here are the facts:
Research In Motion Ltd. (TSX:RIM), up $9.10 or 14 per cent to $73.10
TSX up 1,058.7 points or 11.7 per cent to 10,123.9
The news came shortly after President Bush announced the government would spend US$250 billion to directly buy shares in the country’s leading banks. I’m curious to see how this plays out in the long term.
(Via LondonFreePress)
RIM got upgraded to “hold” from the boys at Needham & Co. I’m just a messenger.
Even Citi maintains a “hold” for the RIM ticker.
So that’s 14 percent more expensive for MS to buy out. Good! Rally higher!!!