From a local weather blog, DenverMark:
The snowpack in the San Juan Mountains in southwestern Colorado is now approaching double the normal depth for this point in the season. This is a level not seen in some spots since the legendary winter of 1978-79, when Wolf Creek Pass set Colorado's all-time seasonal snowfall record of 837" (almost 70 feet) and all-time record snow depth of 251" (almost 21 feet)!! On Tuesday morning, the Wolf Creek ski area measured a depth of 171", or over 14 feet.
[...]
At the start of February, Colorado's mountain snowpack ranges from near normal in the north-central part of the state to excellent in the southwestern mountains. Here are the latest SNOTEL data by river basins (% of normal snowpack for February 1):Gunnison River Basin 143%
Upper Colorado River Basin 122%
South Platte River Basin 97%
Laramie and North Platte River Basins 101%
Yampa and White River Basins 106%
Arkansas River Basin 162%
Upper Rio Grande Basin 168%
San Miguel, Dolores, Animas and San Juan River Basins 158%
[...]
AT DENVER INTERNATIONAL AIRPORT:Average high 40.1F (4.5C)
Average low 15.7F (-9.1C)
Monthly mean 27.9F (-2.3C)
(1.3F/0.7C below normal)
If we can just find a way to keep it snowy in the mountains and warm down here, it would be perfect.
Posted by Walter at February 6, 2008 07:26 AMJohn Kerry today blamed the tornados in the South on global warming.
Walter you should ask him why the snow pack is rockin' balls this year, he has an answer for everything.
By the way Walter, I don't know when I'm going to see you next since the snow isn't going anywhere soon, I have been looking at this stock from Carmax (KMX symbol).
Check it out and tell me what you think.
There's so much value in the market these days with a lot of stuff getting beat down, so I'm looking for value. I can't give advice, so I'll just tell what I'd do.
I'd find more value. KMX doesn't look to have huge short term upside value, compared to some good companies (financials especially) which have recently lost half their price, or more. Most analysts have KMX as a hold, which seems right to me. It might be worth buying on the dips, like two weeks ago when it was below 16.