Value-oriented stock picks and market commentary for the individual investor. This blog provides up-to-date information about stocks, mutual funds, REITs, and ETFs.
Thursday, September 13, 2007
Slow news day
The biggest story this morning is that Microsoft(MSFT) has raised its dividend. McDonald's(MCD) has hit an all-time following, following a 50% dividend increase. No big earnings news. Crude is down a bit. Gold is down a smidgen. The unemployment numbers were better than the abysmal ones analysts were expecting. The UAW might establish a trust fund for its members healthcare costs. These are not big, market-moving stories. Still the market is up huge. Perhaps buyers are desperate that they are looking for any hit of good news. This is a great example of how it makes absolutely no sense to try to parse meaning from the daily fluctuations of the market.
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