Funky Friday
at 2005-12-04 19:53:37
 It's been a funky Friday. We're seeing some garden-variety consolidation with a clear underbid by the market elephants. Buyers are focused on steel, paper, and electronics. Retailers, automakers, precious metals and the mortgage lenders are trading lower.
It hasn't been the most productive of weeks here at the trading turret, but I have to admit like many of you I'm very much looking forward to a weekend of rest and relaxation. In Minnesota that means sitting by the fire, watching a good movie or two on DVD, and getting my mind off the market. After all, there's going to be plenty of interesting trading days ahead if I'm right.
Have a nice weekend!
Don’t Believe the Hype: A Very Mixed Retail Picture
at 2005-12-04 19:53:36
There are few things that make us more annoyed than bad data, lazy thinking or poor analysis. This weekend, the National Retail Federation hit for the inept cycle with their breathless reporting of holiday sales. The NRF erroneously trumpeted that the Thanksgiving weekend sales were “blockbuster,” having “surged 22% from...
More To Holiday Sales Than A Few Phone Calls
at 2005-12-04 19:53:36
Today's morning missive was picked up by Dow Jones Market Talk: 11/28 11:21A More To Holiday Sales Than A Few Phone Calls 11:21 (Dow Jones) The widely cited National Retail Federation's Black Friday report takes some heavy flak from Maxim Group's Barry Ritholtz. There are few things that make us...
Media Appearance: Kudlow & Company (11/28/05)
at 2005-12-04 19:53:36
A quick heads up: I will be on Kudlow Company tonite at 5:00 pm. Its for at least two segments of the show, discussing Holiday shopping, Energy, the Economy and this rally. UPDATE Novermber 28, 2005 7:55PM How surprising was Larry's mixed outlook on the holiday season? He never...
Mixed Retail Picture: Visa Edition
at 2005-12-04 19:53:36
You folks posted alot of good comments yesterday following the discussion on increased Credit Card usage in the mixed retail post. Enough issues were raised that I tracked down some people at Visa to get a breakdown of the specific data regarding card usage over the weekend: Spending on Friday/Saturday...
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