Ben,
IMO, WMT is poised to go much higher. Also, IMO, I think the market is taking a breather here and will also continue higher. Is the market overpriced? Most certainly. Is WMT too costly? Historically, yes. Why buy then? Because one old sage of the market once said..."The trend is your friend". Hold WMT until is tells you otherwise. Right now, WMT management is doing ALL the right things.
The bond market has always had 99% of the boogey men. The bond traders are like children, who can see any number of monsters in the shadow. They are, IMO, old ladies. Inflation is not a worry .... yet.
BTW. Who believes half of what the government says? I realize that government reports are watched closely, but they are almost always wrong. Look at last summer when the market corrected 600 to 800 points - all because of job numbers (too many people being hired at Mc'D's). The real number to watch is wage inflation - not job creation IMO. Right now, wages are under control. However, I look for that to change in 6 mos to 1 year. Be cautious - but bold.
Regards
Gary |
