Thursday, August 14, 2008

Market Digs Out Nice Gains

  • Overall nice day in the markets. Despite the big headline inflation number and jobs data, the market went up anyways. 
  • I have to get a job writing the end of day financial summary.  Here's today's from Yahoo:  Receding oil and commodity prices helped quell fears that worse-than-expected July inflation would persist. The decline in crude and commodities was partially owed to strength in the dollar, which is beginning to look more attractive as foreign economies wane. Those trends helped bolster buying in equities.
  • And if I wrote it, there'd be pictures!
  • You know, if we are in a recession (and we haven't had even one quarter of negative GDP yet), then the stock market may have priced it in months ago and is moving on and anticipating the next thing.  Like President Obama!
  • The BIG BOSS walks by and I'm Twittering on my mobile.  LOL.
  • Mark Thoma on the inflation number.
  • PG&E to build two large solar plants in CA.  Good idea!  Especially when the sun is shining!  We need all kinds of effort in all fronts.  Solar is one of them.  Nice to see some action on this.
  • Netflix shipping centers slammed by problems.  You know, I've had National Treasure 2 (blu ray!) sitting on my shelf for two weeks!  I've been watching a lot of streamed content from NFLX.  Watched Rita Rudner in Las Vegas last week.

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