Monday, November 13, 2006

The! Biggest! News! of! the! Day! - Not KBH Options or the Cholesterol Drug from Isis Pharmaceuticals

Here are some of the contenders for today's biggest...news...of...the...day...

  • Another CEO is pulled into the options backdating quagmire as Bruce Karatz leaves KB Home (KBH) and the company said "it was still evaluating whether a restatement of certain previously-filed financial statement will be required"...
  • Positive Phase II trial results for Isis Pharmaceuticals (ISIS) as their drug is seen to reduce cholesterol...the stock is poised to pop 30 percent at the open...
  • Upbeat comments from Standard & Poor's about expectation for a year-end rally...
  • Details on why short sellers are flocking to multilevel marketers like Tupperware (TUP), Nu Skin Enterprises (NUS), Avon Products (AVP) and Pre-Paid Legal (PPD)...
  • Word that IBM is uniting with Citigroup to gain control of China's Guangdong Development Bank...
  • A new version of application software from Google (GOOG) that is seen as competition to Microsoft (MSFT)...

While those are all stories worth watching, I think it is obviously clear that the biggest story is this - He drives awfully fast, for a dead guy...wait a minute - you mean people lie to get out of speeding tickets?...and it works?

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