This morning the markets have hovered around the flat line despite the fact that the European Union still can't come to terms on what they are going to do about Greece's debt problem. Some positive news pertaining to the U.S. economy was released this morning when the ISM (Industrial Supply Management) numbers showed that albeit at a slow rate, we are seeing some signs of growth; similar economic numbers out of China also showed there economy to be growing (which is good because growth in China correlates to growth here because both countries are such world powerhouses).
On the stock front, Chinese Internet Billionaire Jack Ma (who owns several Chinese internet companies) came out and said he might be interested in buying the U.S. internet company Yahoo. Because of the news, Yahoo's stock is up over 5% so far today (I wrote about Yahoo being one of my 3 favorite stocks on friday - along with Sallie Mae and Etrade). As I've said several times, I firmly believe Yahoo will be acquired by another company because the Asian businesses they own and are a part of in China and Japan are to valuable.
As of this morning, my three favorite stocks still remain Sallie Mae, Etrade and Yahoo, with Etrade being my favorite.
