Quote from monaco2:
When I look at the economic data, I find it much easier to make a bullish case than a bearish one. What's more, I am bringing to the argument, real data. There's just no hard evidence to support a serious downturn. That's all am saying. Take a look at the hard data from Wal-Mart. It strongly suggests that money is still moving through the tills at a brisk pace. Stock has racked up almost 20% in gains so far this year. And when the market cap of a $200+ billion-dollar company rises 20%, like it or not - that's real money, nearly $40 billion of it, in fact. Not something that would happen if retail sales were plummeting.
Not only is the biggest retailer Wal-Mart doing well, but so are transportation stocks, the most economically-sensitive group I might add.
So, I don't really see how smoking gotta do with anything.
Bear are done. Somone put rocks on their caves so they never come out again and die. Hope they never get to short a rally for the next 2 years..
