Menu Close

Wal-Mart Numbers Don’t Mean The US Consumer Is Back

This is a syndicated repost published with the permission of Between The Lines. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

Equities markets rallied strongly today on stronger-than-expected earnings from Wal-Mart (up 8%), with the Dow bounding eagerly upwards by more than 300 points on the news. The market was clearly looking for any excuse to divert attention from the continued spread of the subprime contagion—and it found what it needed in the Wal-Mart […]

Join the conversation and have a little fun at Capitalstool.com. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RSS
Follow by Email
LinkedIn
Share

Discover more from The Wall Street Examiner

Subscribe now to keep reading and get access to the full archive.

Continue reading