Saturday, March 9, 2013

Confidence in Obama leadership stokes markets; Daktronics sees growth

Stocks are rebounding from the horrors of the Bush era.

Increases in equity value over the last several years in Brookings-based Daktronics (DAKT) have contributed to the portfolio this blogger has amassed to leave that stupid little town and the failed red state in which it operates.

The venture recently announced that nepotism is alive and well. Forbes provides this bio for the incoming executive:
Reece A. Kurtenbach joined the Company in 1991 as an applications engineer on large display projects. In 1994, he became the manager of what is today our video products engineering group and, in 2004, was appointed Vice President, Video Systems. In 2007, he was named Vice President, Live Events and International. Mr. Kurtenbach received a B.S. degree from South Dakota State University in electrical engineering, with minors in math and computer science. Mr. Kurtenbach is the son of Aelred Kurtenbach.
The forecast for the week shows Mr. Kurtenbach will continue to freeze his fucking ass off so this interested party can keep working on his tan.

From the AP reported at NPR:
Analysts said the market's upward move was more about traders getting excited than any particular economic event. At mid-afternoon, the Dow Jones industrial average was up 34 points to 14,109, just 55 points away from its all-time high. Earlier, at around 2:30 p.m. EST, it came within 15 points. If it closes above 14,164.53, it will beat the record it set in October 2007 — a time before the financial crisis had fully imploded, when people still believed that stocks, housing prices and wages only went up.
Water issues in Brookings County are destined to get far worse in the coming months and years as the Big Sioux River fails.

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