JP Morgan and Citi are being accused of being complicit in the Lehman collapse this morning, Ernst & Young is also being mentioned because of some possible funky accounting. The Enron scandal put Arthur Anderson out of business if you recall. I don’t think this one is even close, but it’s interesting water cooler fodder on a slow data day.
You can order the iPad online today starting at 8am and AAPL stock is up again in the pre market. I say AAPL should go strait to $500 just so we can get it over with.
We have a look at retail sales this morning and Michigan confidence will also be released at 9:55.
Good luck today.
Friday, March 12, 2010
Economic
07:00 Canada Feb Unemployment Rate
08:30 Fed Advance Retail Sales (last 0.5%, ex auto 0.6%),
09:55 March prelim Univ of Michigan confidence (last 73.6)
10:00 Dec Business Inventories (last -0.2%), Mexico Dec Industrial Production
14:00 Argentina Feb CPI
Events
08:00 FDA Neurological Devices Panel. Trades Ex-dividend: TROW $0.27. OKE to be added to S&P500, GHL to be added to S&P400, POWL to be added to S&P600 after the close.
Earnings
Before the Open: ANN, CTRN, HIBB, KIRK, PEI.