Tech earnings are improving, and the reality is that stock prices always move ahead of fundamentals. That's what they do. They are predictive instruments,

For a moment, the cardboard sets come crashing down to reveal that squalling monster, reality, locked up in the confines of its man-made cage. It is a fearsome thing, beautiful, inherent only to itself. Faced with such naked, existential truths, I understand why humans worship flesh-eating monsters and bloodthirsty gods.

But only for a moment.

Legg Mason is one stock you can buy and put away. It generates consistent returns, almost like Bill Miller's fund. If you like his fund, you should buy the stock.

I am not being an alarmist but these things get really large. They are really intelligent. They can find bird rookeries. And they can remember from year to year where to go back.

Mamma.com is such a speculative stock. It's the hairdresser syndrome all over again.

Schwab is likely banking on a market recovery and boosts to hedge funds in the mutual fund shakeout, ... And hedge funds trade the three drivers of the economy -- tech, health care and financial -- more actively.