Friday, September 15, 2006

Gappin' Friday

TGIF!

 
  • Market gapped up on the economic numbers today, but has since eased back.  I think the likelihood of profit taking will increase as the day meanders along.  Next week we have the Fed meeting, and everyone is expecting them to hold off on rate hikes.  But what they do never seems to matter as much as what they say.  And this Fed has been all over the map regarding that.
  • West Virginia in a rout.  More pigskin picks in the waning afternoon hours today!
  • Sure the CPI headline number is down with the drop in energy, but notice how the core rate is consistant?
  • With energy prices lower and more money in consumer pockets, all the discretionary stuff folks spend money on gets a bump, eh?  Coffee.  Eating.  Shopping.  Gambling.
  • I'm already thinking about lunch here.  SIGH.

blog comments powered by Disqus