The Morning Morsel-Watching 1150

Posted by UpsideTrader
on March 12th, 2010

Geitner's house was finally sold, but first had to be airlifted to the next bubble

JP Morgan and Citi are being accused of being complicit in the Lehman collapse this morning, Ernst & Young is also being mentioned because of some possible funky accounting. The Enron scandal put Arthur Anderson out of business if you recall. I don’t think this one is even close, but it’s interesting water cooler fodder on a slow data day.

You can order the iPad online today starting at 8am and AAPL stock is up again in the pre market. I say AAPL should go strait to $500 just so we can get it over with.

We have a look at retail sales this morning and Michigan confidence will also be released at 9:55.

Good luck today.

Friday, March 12, 2010

Economic

07:00 Canada Feb Unemployment Rate

08:30 Fed Advance Retail Sales (last 0.5%, ex auto 0.6%),

09:55 March prelim Univ of Michigan confidence (last 73.6)

10:00 Dec Business Inventories (last -0.2%), Mexico Dec Industrial Production

14:00 Argentina Feb CPI

Events

08:00 FDA Neurological Devices Panel. Trades Ex-dividend: TROW $0.27. OKE to be added to S&P500, GHL to be added to S&P400, POWL to be added to S&P600 after the close.

Earnings

Before the Open: ANN, CTRN, HIBB, KIRK, PEI.

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