Wednesday, November 14, 2007

Seaweed?!


LULU got busted today by the NY Times for not having seaweed in their yoga clothes! Gasp!! The stock has been hammered of late, but it's not alone. The market meltdown that we've experienced since Oct 31st has been sudden and swift. The Nasdaq 100 declined over 10% in four days!! Many trading services and other info sources show a huge flight out of the market, or into defensive sectors. Of course, that is also evident in the VIX shooting back up towards levels hit this past summer. It'll be fun to see how the capital markets act as we run towards the holidays and the end of the year. Good luck.

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