ajtj99's Market Pulse

[jdaasoc]

Intel only lowered margins to 54 from 56 at mid quarter update. I got first "lets help you sell to make the quarter" email from Intel today.

Most companies have been making the numbers but guiding down next quarters expectations.

I spent some time in Jersey City today and the level of car and foot traffic feels like some of the Gold Coast buildings that Wall Street occupies are half empty. No new big buildings going up on Jersey side but Manhatttan skyline is still full of cranes reaching for the skys.

http://www.nytimes.com/2008/03/17/nyregion/17building.html?pagewanted=2&sq=building%20permits%20&st=nyt&scp=5

Saturday’s accident was the most recent of several high-profile construction accidents that have come during a building boom in the city.

The number of construction permits for new buildings or major renovations issued by the Buildings Department has soared 23.3 percent over the past five years, rising to 86,915 in 2007 from 70,515 in 2002.