Tuesday, May 26, 2009

Market Rippin' Tuesday (Plus Jon and Kate)

  • Stock market surged! Looks as though consumer confidence got a bump as folks are feeling better about the economy.
  • For those waiting for the inevitable GM bankruptcy, read in the link above that GM recovered from a loss in excess of 10% after The Wall Street Journal reported that the United Auto Workers union said the government will provide massive additional financial assistance to GM. Also known as "throwing good money after bad." But hey, the Federal government owns the printing presses and can print as much money as they want.
  • I think that GM stock is going to $0. I really do. I don't own any. I'm not shorting any. Just an observation.
  • Light volume today. Heading into month-end strength later this week as the 401(k) additions flow into mutual funds.
  • Jon and Kate plus 8? Wow, that was quite a show Monday. What a difference a few months can make. Big train wreck in that relationship. And you have to feel for those kids. The whole show has changed from watching the kids grow up to watching the paparazzi and the mean looks between Jon and Kate.
  • Critics pan Season 5 debut of John and Kate plus 8. "It would be so much clearer if they would just say their version of what happened," Kelber writes. "This is just more complicated than it needs to be. It's not like they aren't used to sharing the details of their lives, you know? We saw Jon's hair-transplant surgery as it happened, and Kate recovering from her tummy tuck, and the kids going through potty training. Most of that was probably too much information, but now we aren't quite getting enough."
  • Meanwhile, the Nuggets beat the Lakers to tie the series up at 2-2. I always wonder if David Stern makes the call to lengthen these series out a few games for more NBA revenue. Am I the only one who thinks so?
  • I downloaded an app for the iPhone called "Pocket God." There's an island full of Oogs, and they worship you, their God. You get to basically torment them to no end. Fun and cruel at the same time. Fun to show folks, but not sure how long it will keep anyone captivated.

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