While shaking one fist at the sky about yesterday's "merger and aquisition rally" which took back my CAR gains, I patted myself on the back with the other hand because I checked volumes reports last night and saw that it wasn't really a strong rally in spite of the gains. Maybe the bad consumer (lack of) confidence report this morning will spark downward movement.
I saw an article today about treasury manipulation of the gold price. It was lengthy and a little tedious, and since we discussed this ad nauseum acouple of years ago, I decided not to copy or link it...but it's still out there, and in some analysts' minds represent a cataclysmic event waiting to happen. Yawn.
Instead, I'm copying this funner article which touches on my incredulity at the strength of certain retailer's stock prices.
There are 215 Starbucks within 5 Miles of my Office
By Barry Ritholtz - September 29th, 2009, 9:30AM
Over at kottke.org, jason started a thread about the maximum Starbucks density and Starbucks center of gravity of Manhattan.
It seemed that 165 was the maximum # of SBUX found within 5 miles of your location.
On a lark, I punched in my street address — 535 5th — and BOOM! We have a new winner — there are 215 Starbucks within 5 Miles of my office.
PS Darden Restaurants releases earnings report today. I'll be interested to see.
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