Here’s a little tidbit worth noting:
Pfizer (PFE) made a new 52 week high today, touching $38.45. Meanwhile, Microsoft (MSFT) slid 24 cents. That vaults Pfizer into the #2 position by market cap, behind behemoth General Electric (GE).
Surprising move by Pfizer . . . Does this mean that the recent tech run, which peaked on January 16, 2004, and was given a push by Cisco last night, is now giving way to a rotation to quality?
This will be worth watching.