Its true - turkey makes me sleepy. Or maybe its all the food that goes along with the turkey. Nonetheless, I'm typically very lazy on Thanksgiving. I like to blame it on the turkey.
Traders acted today like they had already eaten turkey. Trading was very slow, as investors weighed news and the upcoming shopping extravaganza (on Friday). GM didn't help much, with their third day in a row of a decline. Worried about their largest investor, Kirk Kerkorian, GM announced plans to drop a new line of minivans. As it turns out, Kerkorian is swapping some of his GM stock for MGM Mirage, up 10%. And Dell reported a third-quarter profit of 12%, which was higher than expectations.
Look for a short day Friday; the market is open only half the day. Enjoy the holiday, and watch out for the turkey - it encourages naps!
