Friday, October 9, 2009

ET Phone Home

MILAN (Reuters) -

Italian fashion house Giorgio Armani presented a new 700-euro ($1,032) mobile phone on Friday, a stylish device aimed at complementing the designer's suits.

This is sooo 2007. Yet another reason to hate the rich. I guess if I'm tooling around in a 1K suit I of course need the phone to match.

We appear to be at somewhat significant resistance now (S&P 1070-80ish) with lots of earning news next week. Lets see if anybody bought anything in the corporate world, that should set the tone for the direction the market takes. Mondays pick is long DRYS @ 7.05 Good Luck.