The Big Picture: A cool, wet spring
Wal-Mart came out with dissapointing earnings today blaming both the price of oil (concievable), and "cool, wet spring weather". Barry Ritholtz has an interesting analysis on the interplay between weather and business:
Its a shame there isn't some sort of aphorism or nursery rhyme that could clue us in to the extremely unlikely possibility of increased precipitation in the fourth month of the year. Who knows? Maybe this unusual weather activity might generate a significant uptick in foliage bloomings in the fifth month?