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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (11211)8/31/2004 11:45:19 AM
From: zonder  Respond to of 116555
 
That sounds right, especially if this weekend thing is only in some places.

You know, one thing analysts do often is to write ok-sounding-but-not-incriminating explanations when they can't explain something. Because they HAVE TO write an explanation. Can't just say "it happened and I don't know why".

For example, the guy at INO Charts cracks me up. Everythings price movement is due to "short covering". Every day. For every contract, be it commodity or index.



To: mishedlo who wrote (11211)8/31/2004 12:13:06 PM
From: Dale Baker  Read Replies (1) | Respond to of 116555
 
Sales tax holidays are mostly a subsidy for back to school spending and often restricted to clothing and school supplies for student-age kids, FWIW.



To: mishedlo who wrote (11211)8/31/2004 9:25:21 PM
From: XBrit  Respond to of 116555
 
Yeah, that's in the same category as Home Depot claiming last quarter that higher energy prices helped their profits because people were staying at home and doing remodelling projects.

The reality was that they were making windfall profits on their inventories of lumber and other materials inventories, by immediately passing thru to customers the big wholesale price increases.