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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