Thursday, December 14, 2006

The! Biggest! News! of! the! Day! - Not OPEC Oil Production Cut or Broker Earnings

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

  • OPEC's decision to curtail oil production by 500,000
  • Weekly jobless claims data that suggest "a somewhat tighter labor market"...
  • Better-than-expected earnings from Lehman Brothers (LEH) that don't seem to be helping the stock...
  • Better-than-expected earnings from Bear Stearns (BSC) that do seem to be giving the stock a boost...
  • A look into semiconductor stocks that suggests next year will be rough but 2008 should offer opportunities...

While those are all stories worth watching, I think it is obviously clear that the biggest story is this - Taco Bell Sales Hit by E. Coli Outbreak...hold on...wait a minute...you mean that "E. coli poisoning = lower sales"????...I don't believe it...

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