Tuesday, August 19, 2008

Lowes and Home Depot beat Street

Lowes and Home Depot beat Wall Street Estimates But that is not the AP news headline... Show of hands, how many think that these two household names, usually found across the street or shopping center from one another, might, just might have some relationship to the housing sector? Anyone? Anyone? Right. Home Depot expects sales to be off 5% for the YEAR! Hardly sounds like a recession to me. It is amazing what passes for news... -ski
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