Friday, February 10, 2012

Knicks Win,Electric Lin

The New York Knicks' Jeremy Lin was described by his coach Mike D'Antoni as being just an unbelievable point guard,and he certainly justified that description Friday night as he led the Knicks to a 92-85 win over the Los Angeles Lakers at Madison Square Garden.The amazing rookie scored a career high 38 points.
A product of Harvard University,the Asian American said I'm just gonna thank my teammates.It's fun just to play basketball with these guys.I'm just thankful to God.This is my dream.
Surrounded by the media,lionized by fans chanting "MVP" and even congratulated by Lakers players after the game,it could scarcely get more intense for the young man,who has four consecutive 20+ point games to his name,all of them Knicks victories.
The stock market,haunted by Greek troubles and a decline in consumer confidence,did not fare as well.All three major averages declined slightly on the week,with the S&P 500 Index stepping down 0.17%.For the year,the S&P remains in the green,up 6.76.The CBOE VIX Volatility Index climbed 21.58 on the week,signaling a resurgence of fear among the traders.
Next week,the market will deal with a number of reports,including the Empire State and Philly Fed manufacturing readings,as well as the Leading Economic Indicators and retail sales.General Motors,HJ Heinz and Campbell Soup will issue earnings figures.
The S&P futures lost 7.70 Friday evening,while bond index futures gained.
HJ Heinz(HNZ),Campbell Soup(CPB),General Motors(GM)

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