Friday, June 11, 2010

Mixed Data,Thin Volume

The stock market edged up on Friday in thin trading,hindered by contradictory economic reports.While retail sales fell unexpectedly,consumer sentiment rose.Consumers may optimistic,but apparently not enough to break open their wallets.The positive University of Michigan sentiment reading of 75.5 was below those of previous economic recoveries.
Early season campers in Arkansas were victims of tragic flash floods at riverside campgrounds.At least 20 were swept away to their deaths,including children,and many more are still missing.Rescuers were doing all they could,but didn't even know exactly how many they were looking for,since campground registers were lost to the floods.One child was saved when snagged by a friendly tree limb.
In baseball,Boston was clobbering Philadelphia 12-1 as the National League champion Phillies continue to struggle,having tumbled out of first place.The S&P futures were up 5.50,and bond futures retreated.

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