Monday, May 19, 2008

Blue Chips Still Floating

Blue chips stay buoyant

That leadership was important, because railroads are historically among the first areas that recover after a recession or economic slowdown. Railroads and select truckers have been recovering for several months, even before investors began to forecast that the worst of the credit crisis is over.

I once again want to know how we start an economic recovery with oil at $127. Historically speaking, oil tends to be the cheapest during the downturn and it too recovers. Further, if one believed that oil prices would stay high or go higher then railroads start looking very attractive (since they can haul goods more efficiently).

Market breadth was negative. On the New York Stock Exchange, losers beat winners 8 to 7 on volume of 1.15 billion shares. On the Nasdaq, decliners topped advancers four to three on volume of 2.27 billion shares.

Historically speaking, market breadth is also important. But hey, at least the blue chips are still floating.

How can an iceberg float?

How is it possible that such an enormous amount of ice can float on water? The answer is easy to give, to understand it is another thing.

I would have guessed inflation but apparently I would have been wrong. Or would I?

Inflatable Iceberg ($3,995.95)
Reinforced climbing handles provide reliable grip for hands and feet, while the industrial grade air valve allows quick inflation or deflation (the iceberg inflates in minutes with a common shop vac or leaf blower). When deflated, the iceberg fits in most SUVs and caravans.

Due to the popularity of this item, we are unexpectedly sold out.


Figures.

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