Stock, James, et.al.: I've heard of the Columbia model, but that's about it. I'll look into it now that you've mentioned it. Speaking of inflation, I've always been skeptical of the Fed's action removing such "markers" as energy/food/etc. costs from the core inflation analytical group. I mean, how much more core can those items be to yer average Jane/Joe, eh?
Your average citizen has known for quite some time, just looking at how living cost(s) have gone up, that inflation was far from dead. As always the Fed's are a weee bit behind the 'ol curve.
James: I think what most of us have now got to weather, besides the reality of this pull-back, is the onslaught of pundit commentary about how shaken everything is. All with lots of hand-wringing, too. Excuse me, but weren't a few of these same pundits saying, just a few short weeks ago(no pun intended, heh), how marvelous everything was? Anyway, now we're going to have to deal with end-less "sky is falling" type rhetoric as the business channels and talking heads trot out analysts who will parrot the existing situation. It'll all probably be about as valid as the prior glowing commentary, on a market-wide basis that is. It's best to file it all under useless drivel.
As for TKLC...well...I don't see any indication they're about to miss numbers. The fundamentals are still intact, given all the news of late out of them. Be that as it may I'll have to agree that based on Friday it looks like TKLC is being, or has been, thrown out the window with a lot of other intrinsically valuable babies. As for Monday...well....there's an old Chinese curse(although I'm a typical American "mutt" of English/Scottish/Irish genetic descent, I grew up in Asia) that goes something like this....."May you live in interesting times..."
I'd say Monday's gonna be about as interesting as they come.
Regards!
John~ |
