- Home Depot reported decelerating earnings yesterday. Stock was initially down but closed up over $1 by the close. DR Horton reported a 51% drop in income, and their stock was up almost 10% yesterday. That's how you know we're in a bull market. Bad news is good news. Someday it will matter, but that's not today.
- I'm at this mall the other day, and there is a little snack stand selling bottled water for $2 a bottle. Right next to the snack stand was a drinking fountain. Nobody is at the drinking fountain, but the bottled waters are selling like hotcakes. Go figure.
- Desperate Housewives video game? In the game, players assume the role of a new female neighbor that moves into the neighborhood. She interacts with the characters from the series to solve a new mystery.
- Market is on a moon-shot as I type. WOW! SP500 is over 1400! Breatk out the party hats! Lots of breakouts, and even though I noted the extended charts of individual stocks, it just doesn't matter right now.
Wednesday, November 15, 2006
Bad News is Good News
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