- Goldman comes out with a report saying that motherboard sales are slowing, and that took the wind out of the sails for the bulls. Of course, they later come out with an Emily Litella "Nevermind" and not to blow it out of proportion because who wants to be the footnote on what marked the end of the bull run of 2006? It's way too early to know if this anything more than a typical friday after a nice run. The market needs some light volume days down to reset and regroup. Give a chance for the dip buyers to come in.
- How much of the market rally is due to the stock market pricing in "gridlock" at the federal government? The markets love it when the government is bickering and not passing any legislation. Worked well from 1995-2000 anyways. That's a thought out there.
- Cody Willard wonders, "It seems like a lot of the conference calls this week are bipolar: You're either seeing the slowdown, or you're still in steady boom mode. Is that endemic in a slightly slowing or hard-crashing economy? (Or is it always like that in any economy anyway, for that matter?) "
- Heading into the election, we're hearing incumbants saying that the economy is fine while challengers think we're in the Great Depression all over again. Folks, it's all just partisan nonsense. The unemployment rate is 4.6%. Yes, we're in a slowdown with the GDP clocking at 1.6%, but the stock market seems to be predicting stronger growth ahead.
- Fried Coke?
- Snoop Dogg arrested in LA with marijuana and a gun?
- TGIF! Lots of football on this weekend. No weekend picks for a while, but maybe I'll have some up tomorrow. Although I've done horribly this year so maybe not!
Edit: Anon pointed out in the comments that Emily Litella was the one who said "nevermind," not Rosanne Rosanna Danna. Corrected! But both were outstanding characters played by the late great Gilda Radner!