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A cool, wet spring
Posted By Barry Ritholtz On May 12, 2005 @ 8:29 am In Retail | Comments Disabled
"Wal-Mart Stores Inc. reported a 14% rise in fiscal first-quarter
earnings on a 9.5% increase in sales, but the results fell short of the
company’s expectations because of high gasoline prices and cool, wet
What are the odds of that ever happening?
Its a shame there isn’t some sort of aphorism or nursery rhyme that could clue us in to the extremely unlikely possibility of increased precipitation in the fourth month of the year. Who knows? Maybe this unusual weather activity might generate a significant uptick in foliage bloomings in the fifth month?
I’m going to have to go back to the Farmer’s almanac and see if I can’t figure out this difficult, meteorological conundrum.
Rain in the Spring. Who’da thunk it?
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2005/05/a-cool-wet-spring/
URLs in this post:
 cool: http://online.wsj.com/article/0,,SB111589455594031641,00.html?mod=home_whats_news_us
 wet: http://story.news.yahoo.com/news?tmpl=story&cid=580&e=1&u=/nm/20050512/bs_nm/retail_walmart_earns_dc
 hear it here: http://phobos.apple.com/WebObjects/MZStore.woa/wa/viewAlbum?playlistId=67762&selectedItemId=67742
 read it here: http://www.hfmgv.org/exhibits/pic/1996/96.april.html
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