"Christmas is a time when kids tell Santa what they want and adults pay for it. Deficits are when adults tell the government what they want and their kids pay for it." —Richard Lamm
May Business Inventories fell 1%, .2% more than expected and April was revised down by .2%. It's the 9th straight month of declines. With sales down .1%, the inventory to sales ratio fell to 1.42 from 1.43 and its at the lowest level since Oct '08 when it was at 1.36. The record low was 1.24 back in Jan '06 with a 30 year average of 1.45. This ratio has seen a secular decline due to just in time inventory and better tracking of the supply chain. The overall drop in inventories was again led by the auto sector which...
December 23rd, 2008 at 10:33 am
Hysterical!
December 23rd, 2008 at 10:48 am
Nice!
I’ll bet a dollar to a donut there was no check in the card, but the fund manager got his Holiday bonus… right?
December 23rd, 2008 at 10:51 am
Very Cool.
December 23rd, 2008 at 11:26 am
Looks more like the housing market to me. The stock market is much lower in 2008 than 2004. Although I like the general idea.
December 23rd, 2008 at 11:44 am
Good point — it should say 1998 - 2008!
December 23rd, 2008 at 12:04 pm
Buy and hold is for suckers and the mantra preached to the masses.
December 23rd, 2008 at 12:24 pm
Best wall st. xmas bonus I ever got: A wonka bar.
Back office ftw…
(but at least it wasn’t quite as bad as the worst birthday present I got..)
December 23rd, 2008 at 5:21 pm
That graph looks like Southern California housing prices.
December 24th, 2008 at 12:25 pm
This was mentioned on Fast Money last night
http://www.cnbc.com/id/15840232?video=975129200&play=1
At the 3:30 mark