Eugene David ...The One-Minute Pundit |
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Tuesday, January 12, 2010
Here is the most potent symbol of the Wall Street Casino: Anyone who's ever had to shop in A&P stores will know how bad they are (and in the DARK SHADOWS chain they've perfected a new kind of high-end bad); but the people who play the Casino don't know, nor would they want to (although that kerflumph in May might have given them pause). Today GAP announced a $559.6 million quarterly loss and a virtual total writedown of its Pathmark acquisition, but as GEKKO KUDLOWS will gladly tell you, today is just a slight -- pause.
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