Daily Archives: August 6, 2009

Today’s market action


The market finally went down today after strength and recovery would insist on being a green day based on the last few weeks. Cisco earnings were reported after the market close today and they beat estimates but the future outlook was tepid. Cisco was trading lower after hours to reflect the less than warm fuzzy feeling. Private equity firm Fortress managed to impress with their earnings report this morning and I look forward to reviewing Blackstone’s (BX) results tomorrow.