Quote of the Day

"Make you plans as fantastic as you like, because 25 years from now, they will seem mediocre." --Henry Curtis

• HPQ: Photo Price War Heats Up Online: 10 Cents a Print Hewlett-Packard Co.'s online-photo site Snapfish said it is lowering the price for printing a digital photo to 10 cents and 12 cents. The aggressive move would make H-P, which acquired Snapfish for an undisclosed sum in late March, among the least expensive places to print digital photos. Other online photos sites such as Shutterfly Inc. charge 19 cents to 29 cents to print a 4-by-6-inch digital image, and retailers such as Costco charge around 17 cents a photo. Snapfish had been charging 19 cents a print, or 15 cents on a prepaid plan. (Full Story) WSJ
• NOK: Nokia Unveils First Wi-Fi Device Nokia Corp., the world's largest cellphone maker, unveiled its first gizmo that relies on the short-range wireless technology Wi-Fi, rather than mobile-phone networks, to connect to the Web and send email. Designed for Internet access in the home, the Nokia 770 Internet Tablet highlights how Nokia is trying to expand beyond the cellphone market to compete with laptop and personal-organizer makers, such as Dell Inc. of Round Rock, Texas, and Hewlett-Packard Co. of Palo Alto, Calif. (Full Story) WSJ
• Economic Growth: U.S. Economy Probably Grew 3.6% in First Quarter, Survey Says The U.S. economy probably grew at a 3.6 percent annual rate from January to March, faster than the government previously estimated, economists surveyed by Bloomberg News said before a report today. The estimate for gross domestic product, the sum of all goods and services produced in the U.S., compares with a 3.1 percent rate reported April 28 and 3.8 percent in the fourth quarter. The prediction is the median estimate of 73 economists in a Bloomberg News survey. (Full Story) Bloomberg
• YHOO: Yahoo says rolling out new PhotoMail service Yahoo Inc. is introducing a test version of a new service called PhotoMail that lets users insert up to 300 digital photographs into the body of an e-mail and store an unlimited numbers of photos on the Web and media company's computers. The Sunnyvale, California-based company said late on Wednesday that users can also add borders and captions to photos embedded in the body of e-mails and can perform limited editing on them, such as rotating them or adjusting the size and quality of the image. (Full Story) Washington Post

The market is set for a strong open, on the heels of a solid GDP report. I still think the market is overbought, and its better not to chase stocks here. There are always pullbacks you can use to build positions.