Wednesday, June 17, 2009

It's Gold, Jerry

This silly bit of news brought to you by the Financial Times:

"Long attracted to the safety of solid gold, Germans will soon be able to sate their appetite for the yellow metal as easily as buying a chocolate bar after plans were announced on Tuesday to install gold vending machines in airports and railway stations across the country."

Could this really be a good idea? If it is, why confine the machines to airports and train stations? How about putting them in banks?

Lots of tough questions.


Best Buy reported an inline quarter yesterday (light revenues, better margins) which is fine in this environment but opted not to give guidance for the rest of the year. I found that a little strange and investors hated it, sending the stock down 7+%.

The correction continues.

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