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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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From: stan_hughes9/6/2007 9:50:53 AM
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What a bizarre market -- JSP spends his last $150 on Little Billy & Mary's back to school supplies in August, and the street interprets it as a sign that JSP must still be flush, even though his house payments have gone up by 20% at the same time his house value has declined by 20% -- and he probably paid using plastic anyway.

I would never try to tell the market that it's wrong but IMO this is not a rational response just because somebody like Target beat their same store sales. I bought stuff at Target and helped their sales figures for August too -- but that was because everything had been severely marked down (e.g. $12 each for two pair of nice Dockers golf slacks instead of the $45 price tag).

This market has become so emotional you just know what's going to happen
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