Earnings Season

It's earnings season. Friday was all about GE and their problems with financial instruments. Wachovia's earnings were reported today, and the news was not good. Of course, no one expected good news from this front. March's retail numbers showed increases, but this came mainly from the rising price of gasoline. The net effect is not so clear. In the middle of this came news of a possible business marriage. Blockbuster is making a play for Circuit City. Talk about a strange couple! Circuit City is certain to fall. The question is to whom. All indexes were down slightly. DJIA -23.36 NASDAQ -14.42 S&P 500 -4.51