- Did you hear about Dell's recall of laptop batteries? CNBC just interiewed some guy who lost his truck when the battery caught fire. He had ammo in the glovebox, which went off and contributed to the truck's destruction.
- The market closing strong? Say what? The Market Closing Strong! Say what? THE MARKET CLOSING STRONG! Kind of a shocker. I admit that I've slept most of the day away with Erin Burnett... on in the background. But I did hear the skepticism all day about whether we'd finish the day strong. Of course, we are in options week, so remember how that goes. Should be good and volatile.
- Folks are excited about AMAT afterhours, so hopefully that'll lead some follow-through tomorrow. Now that'd frost the bears.
- Hmm, Wal-mart posts first profit fall in decade. Customers were making fewer shopping trips to save gas, while Wal-Mart's own bills for fuel and utilities were up, he said.
- Barry keeps looking for inflation. I don't think he'll see it with energy prices up, because it acts like a tax hike. If you're sending more money to OPEC every month, that means you have less discretionary income. And we can see this in some of America's leading discretionary income retailers like Starbucks, Cheesecake Factory, and today Wal-mart. It's not inflationary if you're buying less.
- From The Shark Report... This brings back some memories! If you like to buy high and sell higher, today was your day, of course it hasn't happened often but just about everything happens once in a while. Seems like Joey B. is back calling for NAZ 7,500 again, oh well.
