Friday, August 12, 2011

A quick PSA

You may hear news over the weekend that "Jefferson County" has filed for Chap 9 bankruptcy protection. While this will be important news, it should be noted for North Country readers that the Jefferson County in question is Jefferson County Alabama, not NY :)

Retail sales were slightly better than expectations and really reflected data that we already knew because most retailers reported monthly sales last week, but that was enough to kick start the market today which also seems pleased with the European short selling ban.

Consumer confidence hit it's lowest level since 1980!!! as a result of the political bickering in Washington but that doesn't matter today.

Cheers!

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