Retail Data Surprises, The Bull is Back
Posted on Thu 12th Jun, 2008 10:50:08 AM
Are you about to choke me yet?
This morning the market opened to a artificial beautiful gap to the up side as retail sales came in strong. The sad part is that no one cares, or should care…
It doesn’t take a great economist to figure out that when you give low and middle class Americans (or any person really) $300 – $600 each to spend they are going to spend it.
As a result of our newly found consumer confidence, Wal-Market (WMT) shares are up again today and are ironically enough trading at highs not seen since 2004. Rally on my friends, rally on…
(As of this post the NASDAQ is up 1.22% and has found resistance at the 50 day moving average. High on session thus far is 2432.88.)
More on this topic
(What's this?)
Raymond James' Jeff Saut: Beginning of a New Secular Bull Market?
(market folly, 11/17/09)
These technical charts show why we're short-term bullish but turned bearish for the longer term
(UnBiasedTrading (TM), 11/3/09)
Still All Good for the Bulls - Quiet Consolidation
(Fund my Mutual Fund, 11/17/09)
yea love WMT regardless just due to the economic environment. only retailer i’ll touch with a ten foot pole.