Even when we are right. . . .
We can be wrong. First off, it was a long busy day today so this will be a quickie. Thank you to everyone who asked about Jack's foot. He is doing fine and was able to make it to basketball practice.
Besides that it was a relatively quiet at Chateau Cronin. I went for a swim and discovered the pool had been shut off last night which made the first lap or so very refreshing. Then after getting a few things squared away at the house for the painter who are going to paint our master bedroom, it was off for a quick bite and then a visit to the dermatologist.
Most of you know me and I get moon burns so we religiously head of to Dr. Lener (a dermatologist) at least once a year.
Her sadistic trait (Just kidding a great doctor, pretty lady, and I highly recommend her. Hopefully I won't be sued now.) of burning those annoying little "spots' is always a good time. Now I just wait for big pieces of skin to start falling off. I noticed I have old man hands like my Dad. I am not sure where they came from, but they are "old man" hands. When did this happen.
We hosted an information technology meeting at our office this afternoon for our High School. The school is contemplating a distance or e-Learning program as part of their curriculum. We have done a few on the Writer's Digest Programme and PADI offer's several of its core programs on an eLearning basis. We are offering some of our intellectual "know how" to help Santa Margarita Catholic High School design a curriculum that marries the phenomenal social aspects of the school wile delivering the academics in a modality these students are enthusiastically comfortable.
A couple of the participants had a great meal at Hanna's afterwards. As usual the team did a magnificent job. Needless to say it was a long and busy day.
In The Market Today
Retail reports were not as bad as we said, but not stellar. It is assumed that the downward adjustment in gas prices freed up some money for seasonal purchases. We almost perfectly nailed the consumer sentiment report, but the theoretical solutions being suggested about the Greece bail bail bail out kept Mr. Market looking the other way. The State Street Investor Confidence report confirmed our suspicion that there was a shift to safe money, but Mr. Market turned a blind eye to that as well. SHAW did not beat and their earnings announcement sounds like the cries of a professional mourner. They had so many earnings corrections it was pitiful. We did not see any forward looking comment that would illuminate the industrial sector.
Salve Lucrum
