Tuesday, February 19, 2008

Wal-Mart and the market

The world's largest retailer came out with numbers this morning, and is now doing a billion dollars a day in sales. Their guidance was a bit muted, but the stock, is now at 49, up from 42. It's the same with this market.

Prices already reflect the doom and gloom scenario that the bears have envisioned. When the news hits that the bears want, the stocks will be much higher.

So you have to be buyers, in this market, not sellers. Put your rally hats on, when the market is at it lows!

No comments: