Friday, March 16, 2012

Lehigh Upends Apple Cart;Market Smiles

The Lehigh University Mountain Hawks dismissed the expert opinion Friday evening when they handled the Duke Blue Devils 75-70 at the NCAA college basketball tournament at Greensboro,North Carolina.Lehigh,the number 15 seed,upended number 2-ranked Duke's apple cart with strong defensive play and a superior proficiency in 3-point shots of 33.3% versus 23.1%.The two teams had identical regular season records of 27-7.
Also sustained by the performance of number 5 NCAA scorer C.J. McCollum's 30 points,the Mountain Hawks gave the entire Lehigh Valley of Pennsylvania one of the happiest memories of their lives.They also greatly pleased University of North Carolina fans who loudly cheered them on,detesting rival Duke University's team.
Lehigh coach Brett Reed said they ignored the prognosticators and just believed in themselves.Duke coach Mike Krzyzewski felt that his team wasn't a juggernaut.In fact,they hadn't been doing well offensively the last few weeks of the season.
It wasn't just our doing,he added-they played that well.
The stock market also excelled this week,with the S&P 500 Index posting a weekly gain of 2.43% on a decline in new filings for jobless benefits,as well as solid manufacturing reports.On the year,the S&P is up 11.65%.
Next week,the market will evaluate housing numbers,plus earnings reports from General Mills,Oracle and FedEx.The S&P futures tacked on 2.50 Friday evening,while bond index futures slipped in price.
General Mills(GIS),Oracle(ORCL),FedEx(FDX)

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