Zumiez's Quarter Ended November 1st is boring - but that's good. When it comes to public filings, the last thing you want is for your company’s filings to be filed with interesting stuff that somebody like me can have a great time dissecting. I’m afraid that I’ll have almost no fun at all reviewing this filing. Oh well.

It’s Monday morning and the DOW at the moment is up 575 points, so obviously all our problems are solved. Just kidding. But at the very least, the coordinated international approach to beginning to manage some of the issues of bank solvency is working to reduce irrational panic. I’m guessing we’ll have an announcement from the U.S. Treasury shortly that they are doing much the same thing the Europeans did. If there is no such announcement, we might have the arbitrage moment from hell, as money flows out of non guaranteed banks in the U.S. to guaranteed banks in Europe. Read more here.

Back on September 23, I posted an article that highlighted, among other things, Zumiez’s valuation and management of its issue with auction rate securities. I said that I thought other companies would be having similar issues if they weren’t already. Guess what? They are, and I didn’t want to leave Zumiez hanging out there like they were the only one. Read more here.

Jeff Harbaugh discusses Zumiez's latest quarterly report and provides some insight into credit markets conditions. Click here for the full analysis in this week's Market Watch.

Piper Jaffray & Co. downgrades Zumiez (Nasdaq: ZUMZ) from Buy to Neutral. Price target $18.