Are We at Bottom Yet?

The S&P 500 closed yesterday at its lowest level in five months, and today doesn’t look much better. There are only a few earnings reports today. Winnebago (WGO) reported that its profits dropped 19%, but that doesn’t seem to be impacting Thor Industries (THO). Melissa Davis at TheStreet.com has an interesting article on the clash between Biomet (BMET) and Zimmer (ZMH). Both stocks are on our Buy List.
Progressive, the auto-insurer, was upgraded this morning at AG Edwards. The stock hit a new 52-week high today.
Perhaps the most important story, and in many respects, the most expected, China has rejected Treasury Secretary Snow’s pressure for more currency reform. Their finance minister said, “We will not listen to someone else’s conductor when doing what we need to do.”
And finally, here’s a list of most and least fuel efficient cars.

Posted by on October 13th, 2005 at 10:34 am


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