As of early morning it’s back up 1% and over 13,000 again because Wal-Mart’s “better-than-expected earnings hinted that consumer spending might be stronger than anticipated this holiday shopping season.”
Don’t get me wrong I’m glad to gain back a little ground that even my internationals lost, but you have to put this in perspective.
Wal-Mart starting slashing prices 2 months ago, where most retailers (WM included) usually wait until Thanksgiving weekend. You could argue all they did was move 4th quarter sales to the 3rd quarter.
