Research In Motion Ltd. (RIMM) plans a massive buy back of its stock now at a bargain price.

The maker of the popular BlackBerry email device, Research In Motion Ltd. (RIMM), will spend up to $1.2 billion to buy back about 21 million of its shares, or 3.6% of its total shares outstanding. The buyback starts Nov. 9 because the stock is so undervalued that it is now considered the best investment they can make. Currently RIMM has the greatest market share in hand held devices but Google and Verizon have recently entered the market along with Apple.

Federal Reserve officials signaled a return to economic growth alone does not warrant higher interest rates. An increase instead depends on when the labor market and inflation pick up. For the week the news has been quite good but the bears control as the market bottom was psychologically tested but has held each day.

The democrat-socialist party never was much for reality and denies that Americans are rejecting them and are beginning to think it is time to throw them all out. The wreckage they are trying to foist on health care does not take effect until 2013 so there is time to throw the socialists out and scrap their plan for socialized American health care. The administration does not speak truth-to-power but rather they speak lies-to-corruption. The come from Chicago the most corrupt city in America and just were thrown out of the governor's office in New Jersey the second most corrupt state. Corrupt unions drain the coffers in many states and large cutbacks of state workers are needed before the economy will prosper again.

This week,
The Institute for Supply Management reported on manufacturing activity 55.7% up from 52.6% last month.
September factory orders up.
Kraft posted wider profit margins exceeding forecasts.
Time Warner profits exceeded forecast and gave an optimistic guidance.
Health insurer Humana reported higher profits and optimistic guidance.
Ford reported a $billion profit last quarter.
Chrysler reported they stopped hemorrhaging this last quarter.
The FOMC did not raise interest rates at this time. Bank of England followed suit over night easing credit.

Today Thursday Nov 5 AM
Major retailers who will report same-store sales for October may benefit from the recovering economy as well as from cool weather that sparks sales of fall and winter clothing.
Unemployment claims AM
The government will release data on third-quarter productivity AM
Health insurers Cigna Corp. will report.

Friday, Nov 6 AM
Investors will wait anxiously all week for a labor report to be released 8:30am Friday that will likely show U.S. unemployment topped 10% during October.


Market forces November 5
Rimm is buying back its own stock showing confidence that it has a good growth plan and believes RIMM to be the best investment they can make at this time.

We expect the market to rally soon but if a new high is not established we expect a few months of declines will follow. We would be prepared to diversify more as the market rallies.

Asian markets were mixed last night; China up 0.9%, Hong Kong down -0.6%, India up 1%, Japan down -1.3%, and Taiwan down -0.7%.

European markets are down slightly with the average in a range from -0.1% to -0.3% this morning about half way through their day.

US pre-market futures are up 0.1% today at 8:00 AM EST as the next monthly rally starts.

At the start of a rally, often buying in some stocks will vastly exceed selling resulting in a price spike. If you are lucky to have one of those spiking stocks you need to take advantage of it on the day it happens. By the next day the opportunity is lost.