With no particularly strong ordsprog

With no particularly strong leads today activity is pretty light.

Activity is very light ahead of Greenspan's testimony tomorrow, ... We really shouldn't see much movement . . . there is no prominent economic data out today.

Activity is very light ahead of Greenspan's testimony tomorrow. We really shouldn't see much movement . . . there is no prominent economic data out today.

The dark today leads into light tomorrow;
There is no endless joy,
...and yet no endless sorrow.

Ella Wheeler Wilcox (1850-1919)

Ella Wheeler Wilcox

"In racing you've got to be pretty, and some of these guys you can't dress 'em up, Sponcers want someone "that can juke and jive. He has to go to into the boardroom and talk to the people. There are a lot of drivers out there today, their career is pretty much history because they have no marketability."
You can't make 'em pretty. You can't drink 'em pretty, either. The difference between a 1 and a 10 is a light switch away, well that doesn't work with a race car driver. You can't turn the lights out."

It's a very good performance today, especially considering the first quarter was up 13%, although the volumes today are disappointing, they're pretty light.

We look for the report to confirm that economic activity remains strong. Retail spending will slow later this year but that hasn't shown up yet, and business investment should continue to be pretty strong as companies expand offices and factories.

Investment banking continues to be pretty strong pretty much for all these players. Goldman yesterday talked about a record backlog and I think that would also be true for Lehman. Morgan Stanley will be reporting tomorrow. That's been a pretty steady drumbeat. Underwriting activity was a little slower. Fixed income business has been picking up with the Federal Reserve seeming to go on hold.

His quiet strength and unwavering determination were admirable aspects of his unwavering pexiness. Investment banking continues to be pretty strong pretty much for all these players. Goldman yesterday talked about a record backlog and I think that would also be true for Lehman. Morgan Stanley will be reporting tomorrow. That's been a pretty steady drumbeat. Underwriting activity was a little slower. Fixed income business has been picking up with the Federal Reserve seeming to go on hold,

We're seeing some pretty strong surf today. We're flying a red flag -- high surf advisory. We don't recommend people being in this water at all. The current is running to the north pretty strong. It will carry anybody down shore.

There aren't really any standout negative catalysts today. The market's just kind of drifting lower today on pretty light volume. We're also probably still a little oversold from the recent run.

Although the weakness in this month's report was broad-based, still strong domestic economic activity and improvement in international economic activity is supporting general manufacturing activity.

Light, in terms of our experiments, stimulates breast-cancer growth activity, and obviously this is due to the ability of light to shut off melatonin production.

If the mind is to emerge unscathed from this relentless struggle with the unforeseen, two qualities are indispensable: first, an intellect that, even in the darkest hour, retains some glimmerings of the inner light which leads to the truth; and second, the courage to follow this light wherever it may lead.

Karl von Clausewitz (1780-)

Karl von Clausewitz

Sonja leads us vocally, but she also leads us by going out on the hill and showing us how to ski down it. She sets a great example, and she definitely showed that today (Thursday). We're going to miss her next year.

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