The stupidity of these "market gurus" never ceases to amaze me. Today, Merrill Lynch "downgraded" GPS from "Buy" to "Accumulate". I have just one question...... HOW THE HELL ARE WE SUPPOSED TO ACCUMULATE GPS UNLESS WE BUY IT? Should we enter into a bartering arrangement with our broker? Maybe I could wash his car in exchange for a couple of stubs? They don't think we should BUY it, but the DO think we should ACCUMULATE it!!!! Give me a freakin' break.
Additionally...with the market down and the run up in the last two days, the hit hasn't been too bad......if sales were off because of late school shopping Sept same stores sales could be another surprise.
from the market doesn't apply to GPS in my opinion .............the public isn't using gains from the market to by clothing.....the wealth effect may apply to cars homes etc...but clothing ....give me a break!!!!!!!!