Thursday, March 12, 2009

Sure they were

February U.S. retail sales ex autos rose 0.7%. Right. January was also revised up. Maybe they only surveyed Walmart.


Mea Culpa

I forgot that I wrote the following Tuesday morning at 5:54, just ahead of a 6% rally. Even I don't read me.

"The futures are up nicely (yawn) and oil is flattish. There continues to be smart money around calling for a rally. I'll know it when I see it."


If you've been waiting for a chance to sell Ebay, you might as well do it today. The stock is trading up a couple of percent coming out of yesterday's analyst meeting where the company gave super rosy projections for 2011. Alrighty then.


GE's debt is no longer AAA. It may be that the U.S. government's debt is no longer AAA.

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