Snap Crackle Fizzle

The day started with a bang, as CPI numbers rolled in confirming that inflation was not a problem. The Dow immediately gained over 100 points but fizzled to a slighter gain by the end of the day. NASDAQ actually dropped 1%. Home Depot reported a 30% decline in their numbers. Housing remains the elephant in the room. Wal Mart managed an 8% gain, but only because they cut expenses like crazy. Private equity is still on the prowl, though, and may be just what the doctor ordered! DJIA +37.06 NASDAQ -21.15 S&P 500 -1.96