We have more rain overnight tonight, but in the meantime its starting to quiet down a bit. This is over the past three hours. There you see quite a bit of rain really tapering off, but still dealing with cloudy skies, fog developing, and also areas of drizzle. Across the major interstates from wilmington to trenton, i95, 295 across 476 and 76, even into new jersey, across the a. C. Expressway, things look better now than earlier today with the rain lightening up. 95 in south philadelphia, traffic is slow, but at least it is moving. Better driving conditions than earlier today with the widespread rain, but now we are watching more rain as we go into tomorrow and there it is down across the southeast, right around atlanta, parts of tennessee and north carolina. Moving in this direction, so that will be the area for your wednesday. So were dealing with two days of rainfall here. Dont put the umbrella away just yet. Visibility is low, too. Two and a half miles in allentown, three in pottst
The bears caused the rally including today. The s p 500 climbed. 42 and the nasdaq jumped. 76 . The enless negativeus, the ones who predicted declines and scared the heck out of you all week, i think theyre behind this move. I know we heard their sirens and they would scare the pants off of anyone. But when the market failed to comply and went the other way, the bears disappeared and changed their coloration, they became cockroaches and i bet they went bullish without our knowing it. It has been such a good rally that they almost had to turn bullish. I thought it would be worth a shot. Were there any fundamental reasons beyond the markets failure causing them to buy . Sadly, not really. It was a totally irrational week. Where buyers celebrated rising Interest Rates, a sign that were not going to have a recession. Made them happy. A lot of stocks anticipated because there were so many bets against them. Just today, hp jumped 200. We saw the same kind of wasnt as bad as people expected t
Did rise 28,000 and europe remains in another tight premarket range today. Our road map with another tough day in retail. Challenges continue at sears and best buy. Both brands declare a bare market Consumer Electronics. Apple the new weather. And internet ipo jd. Com pr e prices in the range. What it means for alibaba, the market, feature of ecommerce. Can we maintain yesterdays rally. Positive data from china but claims elevated. And one very steamed darden investor, starboard, launches a fight for the entire board of directors at darden, all of it or much boiling down to the sale of re red lobster announced last week. Best buy first up reporting better than expected operating profits of 33 cents a share in the First Quarter. Revenue and comp sales did miss. The company says it expects to see ongoing industrywide sales declines in many Consumer Electronics categories. Sears posting weaker sales, First Quarter losses came in wider than expected. The best buy story, though, is marginal
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