Don't Fall In The Gap

GAP made headlines today, with the announcement that Paul Pressler is stepping down as CEO. Sales at Christmas were below the retail giant's hopes, and now there is an increased urgency to find a new direction. Boeing will also need a new direction. Analysts downgraded it today, causing it to bring the Nasdaq down 0.8%. Speaking of falls, there seems to be a renewed vigor for credit card spending. American Express saw a 24% gain in its net income, due to record card-holder spending and an increase in loan amounts. That credit card debt is dangerous...watch out! DJIA: -88.37 Nasdaq: -20.24 S&P 500: -7.55