- I probably owe everyone an apology for the video in the previous entry. If you have that song running through your head this weekend, I am sincerely sorry.
- And speaking of market patterns, the pre-options week weakness is definitely in play. But instead of me telling you why, lets go to Yahoo Finance and see what they most recently added:
Market remains stuck in its rut, unable to attract any concerted buying interest ahead of the weekend. While Briefing.com believes the Retail Sales report reinforces the soft landing view, today's participants are viewing the data as a potential contributor to another Fed rate hike. Those concerns are evident in the Treasury market's weakness, as well as the dollar's strength, which is undercutting commodity prices today. Gold, for instance, is down $6.00 at $640.00 per ounce. Copper futures, meanwhile, are down 4.3% following reports about strike settlement negotiations at the world's largest copper mine, though we suspect economic slowdown concerns are also playing a part in the pullback.
- Ah! So that's why! It's the hard landing vs soft landing conflict causing the market to be stuck in its rut. And Yahoo Finance basically played both sides of that argument. Either way, they're right! I'd normally stick a song in or something. Maybe something from Aerosmith's Night in the Ruts album. But, I've punished you enough with songs for today.
- As I pasted in the link above, my MP3 player just randomly kicked on the Aerosmith song "No Surprize" from the above album. I'm not kidding.
- In Sacramento, this weekend is the big Buddhist Church Bizzare. Sometimes I meander down there. I might head out kayaking, but if not the Bizarre is an option. STOP. You're thinking I'm just oogling the Japanese chicks? C'mon. I go for the veggie tempura and rice balls! *Wink*
- Just saw that TV Talk Show host and singer Mike Douglas died today on his 81st birthday.
- Apple (AAPL) news out on their stock-option gaming. Apple Computer Inc. said in a Friday filing to federal securities regulators it plans to restate past financial results due to issues related to its stock-option accounting, making official what the company said last week in a statement. Apple also reiterated it would delay filing its quarterly report, or 10-Q, for the quarter ended July 1, according to a document filed with the Securities and Exchange Commission. The technology giant also said it hasn't determined how big a charge it will take related to the options issue.