Ed’s Daily Notes for January 3rd   Leave a comment

CNBC: Wall Street inks first negative start to a year since 2008

The headline says it all. Does it mean anything? I wouldn’t read anything into it:

“This may be just a normal amount of profit-taking by those that didn’t want to sell in 2013,” offered Elliot Spar, market strategist at Stifel, Nicolaus in an afternoon emailed note.

Christian Science Monitor: China Wal-Mart surprise: How did fox meat get into donkey products?

Wal-Mart has just recalled donkey meat products from some of its stores in China because tests have found them to be contaminated with fox meat.

Donkey is a delicacy in northern China. Fox is not.

Fox meat smells rank, according to those who know. But it is cheap (less than 50 US cents a pound) because Chinese farmers who raise foxes for their fur have no use for the animal carcasses once they have been flayed.

Excuse me sir, but there’s some fox in my donkey…

Advertisements

Posted January 3, 2014 by edmcgon in Market Analysis, News

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: