Thanks to the unrest in the African Arab world, stocks are trading at a discount.
Investors are trying to price in the consumer confidence which is superb, and also the weak housing market.
Home Depot’s report was extremely good, but Walmart and Macy’s didn’t do too well. It is clear that Walmart is facing difficulties maintaining their buying power.
I am still bullish, and will be looking to look for long plays in this market.
As to whether to buy today, I am not sure. We have to wait awhile more. But you can try entering a few lots here.
No comments:
Post a Comment