Bending the Third Rail
Because We Should, We Can, We Do
Thursday, November 02, 2006
Retail Ouch
WalMart has announced the worst forecast for same store sales in ten years. Remember, consumers make up two-thirds of the United States economy and WalMart is the king of consumption. Even ole' Bob Brinker's latest newsletter, while still bullish, is a bit more cautious. Looks like another stock market dip may happen before the bulls return with an interest rate cut by the Fed. But, hey, if you look at this chart of the S&P 500:


isn't it time for a bit of a correction?
Written at 2:04 PM by Greyhair.
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