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Market Overview

Zings Of The Day, August 30, 2011

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Dollar General's (NYSE: DG) second quarter came in better than expected as earnings and revenues beat expectations. It's always a great sign for an economy when a dollar store is seeing increased visits. Wealth effect alright.

The yield on 10 year Italian debt fell after the ECB purchased $11.1 billion worth of Italian debt. Next up. Purchasing Italian meatballs, and raviolis to help the "economy." Or their caloric intake. Either one.

Japan has selected finance minister Yoshihiko Noda as its new Prime Minister. In related news, Noda is watching. (This is a joke to all those who follow Noda).

 

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