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You have to take activist investors like Carl Icahn with a grain of salt. Perhaps even the entire salt shaker. 

As I noted on Fox Business Network's Varney & Co. yesterday morning, guys like Icahn are well known to "talk their book" - a not-too-nice expression meaning they give commentary that supports their (already established) stock positions.

 
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Most technology investors are finding it tough going lately with conventional choices. That's because Internet companies are end running around them by developing net-based applications using open source software and off-the-rack hardware. At the same time, budget conscious corporate customers, once the bread-and-butter driving earnings, are spending less.

 
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Just a few weeks ago, we predicted what would happen if first-quarter GDP came in lower than economists' expectations: Government would blame bad weather in the first three months.

On Wednesday, after the Commerce Department read its first-quarter estimates, an asterisk would follow the paltry 0.2% growth. The excuse: "Heavy weather and the strong dollar took their toll on first-quarter GDP."

 
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Cupertino-based Apple came out swinging Monday night and positively crushed earnings after the bell. The company reported earnings of $2.33 (versus $2.15 per share expected) on revenues of $58 billion (versus $56 billion expected).

 
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Good morning from 35,000 feet!

I'm on the road this week, so I'll keep it short. I see from my Internet connection that the markets are holding their own. During Monday's trading the Dow rose 1.17%, the S&P 500 climbed 0.9%, and the tech-laden Nasdaq has tacked 1.27%.

 
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To hear the mainstream press tell it, you'd think that California's water crisis and the recently enacted mandatory conservation measures are new "news." Only they're not... at least not for us.

In fact, we've been following the worldwide water crisis for several years now because it's a major part of the six Unstoppable Trends we know represent the best path to profits.

 
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