Want a real read on the economy?
Watch WalMart.
WalMart missed their 2nd quarter target and downgraded their 4 year expectations.
Kramer and company are trying to spin this as being inconsequential because Home Depot outperformed. Don't believe it. Something is screwy with this economy. Government reports aren't catching what's really going on. Be aware. China's stock market was down almost 300 over night.
I'm not calling for a Fall Crash (although many are now) but something weird is definitely happening.
No comments :
Post a Comment
Note: Only a member of this blog may post a comment.