Stock markets rose sharply on both sides of the Atlantic yesterday after signs that the US economic recovery is gaining pace and mounting conviction that Greece has done enough to solve its financial problems.
The FTSE 100 index, which has risen in five of the past six trading sessions, shot up 72.6 points to 5,599.76, for a gain on the week of nearly 5 per cent.
It was the Footsie’s highest close since September 2 2008 — almost two weeks before the collapse of Lehman Brothers, the US investment bank.
On Wall Street there were solid gains for the Dow Jones industrial average — up 122.06 points to 10,566.20 — the S&P 500 index and the Nasdaq, with the latter boosted after Apple confirmed that its first iPad tablet computers would reach American stores on April 3.
from The Times
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Comment: Funny, you'd have thought that some of the excitement might have rubbed off onto unloved tech stocks, and maybe even the self-proclaimed "world’s largest and most advanced video search engine". But no, Blinkx is still bumping along the bottom, less than a thiord of the IPO price, unloved and unwanted.
I wonder if it might have anything to do with the fact that Blinkx management never misses a chance to shoot itself in the foot (or, more usually, the head)? If they want to demonstrate to the markets that Blinkx isn't run by a bunch of clueless incompetents, then fiascos like Blinkbox certainly isn't the way to go about it...
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