Is it any wonder why so many investors, economists and strategists are confused? Here’s a news round up:
Holiday sales forecasts turn chilly
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Big Retailers Are Upbeat on Prospects for Holidays
U.S. Jobless Claims Fall to Lowest in Eight Months
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September job news not encouraging
Building Intelligence to Fight Terrorism
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We report, you get it wrong
White House Expects 2003 Budget Deficit to Be Below $400B
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Federal Budget: Worse Than You Think
Quote(s) of the Day:
“Best change in rating today isn’t the Deutsche Bank and Piper Jaffray upgrades of Yahoo at the 52 week high after the 400% run in the stock in the last year and last night’s very solid quarter. I suppose they gleaned some epiphany from the non-surprising great quarter last night. The one that I like is Raymond James downgrade of Sonus to market perform after last night’s blow out quarter. The stock’s up nearly 300% since the analyst upgraded it. Rock on.” –Cody Willard, fund manager, C.L. Willard Capital
Here is the conclusion on which I base my facts. –Adlai Stevenson