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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Silver Super Bull who wrote (2818)12/3/2003 9:25:11 AM
From: russwinter  Read Replies (2) | Respond to of 110194
 
Consumers are 75% of the economy, and I don't see how the bulls can justify current valuations based on some inventory rebuilding, a bit of a replacement cycle, and runaway commodity inflation (actually a negative). NG has spiked to $ 5.50 the last two days, and oil is pressing against $31 again. Maybe they can count those winter energy bills as "retail sales"? The W&S numbers I'm tracking have just barely improved in the last two months.
Message 19551111

Interesting to see that Japan's financial sector was routed last night on the Ashikaga developments, and hardly a mention this morning here. They are ready to buy more tech stocks.



To: Silver Super Bull who wrote (2818)12/4/2003 7:53:22 AM
From: russwinter  Read Replies (1) | Respond to of 110194
 
Reuters
Wal-Mart's Sales Up 3.9 Pct. in November
Thursday December 4, 7:40 am ET

NEW YORK (Reuters) - Wal-Mart Stores Inc. (NYSE:WMT - News) on Thursday posted a 3.9 percent rise in November sales at stores open at least a year, near the midpoint of its expectations, as Thanksgiving holiday sales got off to a slow start.

The world's biggest company had expected a 3 percent to 5 percent increase in November same-store sales.

Net sales for the four-week period ended Nov. 28 were $21.66 billion, up 11.2 percent.