Here are some of the contenders for today's biggest...news...of...the...day...
- A new low for United Parcel Service Inc (UPS) after the company lowered its outlook...
- A massive buyback by Eastman Kodak Co. (EK)...
- A look into Sirius Satellite Radio (SIRI) and XM Satellite Radio (XMSR) after the downbeat comments from Goldman Sachs...
- A cautionary note about solar energy ETFs while Akeena Solar (AKNS), Applied Materials (AMAT), and MEMC Electronic Materials (WFR) are mentioned favorably...
- Some downbeat comments on Micron Technology (MU) as it is said the "company will struggle into 2009 because of oversupply..."
- A delay for Eli Lilly and Co's (LLY) blood thinner, prasugrel...
- Price hikes from Dow Chemical Co (DOW)...
- Backlash against Apple's (AAPL) iPhone...
- A "record drop" for home prices...
While those are all stories worth watching, I think it is obviously clear that the biggest story is one that comes from a reader who says - "Hey, Nick! You may have read about this by now but just in case... (Nothing funnier than major news sources getting fooled! So much for integrity and fact-checking...) Thanks and have a great day! Best, Mike."
Yes ladies and gentlemen, the story that I myself noted just a few weeks ago is not true. The "lost tribe of the Amazon" is a tribe but they are not lost....
However, that isn't the only "you-can't-trust-everything-you-see-on-the-internet" story out there. Check this out -
If only there was a way to prevent just anyone from bidding, who knows how this might have turned out. Seriously, what is this world coming to when a guy can't just auction off his entire life (friends and job included) without some idiots making a mockery of the whole event, it is such a shame. Those people should be ashamed of themselves. I just feel bad for him...
Copyright Schaeffer's Investment Research http://www.schaeffersresearch.com