Friday, November 5, 2010

Knicks Look Sharp Now

The New York Knicks slammed the Washington Wizards 112-91 at Madison Square Garden Friday night,lifting their record to 3-2.Loud organ music accompanied the Knicks in cavernous MSG.
Toney Douglas led the Knicks' scoring with 19 points,while Andray Blatche notched 22 for the Wizards.Sharp 3-point shooting helped New York,but D.C. was hindered by 22 turnovers that led to 25 Knicks points.
The Knicks won only 27 games in 2007,but appear to be well on the way out of that basement.
The market has also made its way out of the basement,having erased all the losses of the financial crisis.It has completely recovered to the level before the collapse of Lehman Brothers in 2008..The labor market is looking a little better as well,with 151,000 jobs being created last month-the first increase since April.
The Appalachian Mountains are looking for 2-4 inches of snow this weekend as cold air meets Great Lakes moisture and spills southward.The market is waiting for earnings reports from Cisco,Disney and Macy's next week,but little else.The S&P futures were flat this evening,while bond futures rose.
Madison Square Garden Inc.(MSG)

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