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Wal-Mart (WMT) CEO Mike Duke gives a bit of insight on the economy during the earnings call:...

Wal-Mart (WMT) CEO Mike Duke gives a bit of insight on the economy during the earnings call: "Only 1 in 10 Wal-Mart moms that we surveyed view the state of the U.S. economy as good... They're juggling credit cards, using coupons, skipping restaurants and vacations. There is a real sense that the economic strain is taking its toll."
Comments (17)
  • wolverine27
    , contributor
    Comments (412) | Send Message
     
    total disconnect between main street and wall street . its just not healthy and not sustainable.
    15 Nov 2011, 05:21 PM Reply Like
  • lowemoran
    , contributor
    Comments (130) | Send Message
     
    But...but...Obama said things were better...
    15 Nov 2011, 06:33 PM Reply Like
  • wolverine27
    , contributor
    Comments (412) | Send Message
     
    it could have been worse , sarah palin could be running the country .
    15 Nov 2011, 10:05 PM Reply Like
  • wyostocks
    , contributor
    Comments (7873) | Send Message
     
    Wolverine
    I seriously doubt that.
    16 Nov 2011, 04:51 AM Reply Like
  • wolverine27
    , contributor
    Comments (412) | Send Message
     
    she cant manage her children how can i expect her to manage the country.
    16 Nov 2011, 11:03 AM Reply Like
  • wyostocks
    , contributor
    Comments (7873) | Send Message
     
    And the stock market goes higher and higher.
    I don't get it. This whole economy is teetering on the edge and when it goes watch out.
    All it will take is one big pre announcement on earnings in December and the market will wake up.
    15 Nov 2011, 05:36 PM Reply Like
  • J 457
    , contributor
    Comments (951) | Send Message
     
    Wyo, wait until the $100dpb oil cuts into xmas retail profit. We'll know more after black Friday leading into Dec, but I suspect retail will be weak until commodity prices cool. Sideline market money still staying put until the haze clears.
    15 Nov 2011, 06:58 PM Reply Like
  • Caladesi Kid
    , contributor
    Comments (186) | Send Message
     
    Agreed, very unsettling - particularly when you note how unstable the European bond market was today. Once again I think we will see that Main Street may be much smarter than given credit on Wall Street.
    15 Nov 2011, 05:37 PM Reply Like
  • Terry330
    , contributor
    Comments (867) | Send Message
     
    The top 5% has its boots on the necks of working American families. Big company profits are at records, look at Exxon Mobil this quarter-profits up 41%.
    When will the middle class wake up to the ways of the wealthy.
    15 Nov 2011, 05:41 PM Reply Like
  • wyostocks
    , contributor
    Comments (7873) | Send Message
     
    Terry
    When did you get booted out of Zuccotti Park or where ever you've been camping?
    It ain't just the corporations Terry, it is the politicians. Including the DNC. Politicians ain't exactly poor.
    15 Nov 2011, 06:00 PM Reply Like
  • Derastone
    , contributor
    Comments (55) | Send Message
     
    Exxon Mobil and a big portion of Corporate America is owned by the pensions (Main Street). In the long run Main Street makes money off Exxon Mobil, especially from their dividends. It helps the elderly who saved up money and invested it stocks to compensate for what social security has become. The long term interest of Corporate America is tied to Main Street. On the other hand, bankers mainly work off commissions, they don't take long-term interests in any company, not even their own.

     

    I find it hard to understand when people associate the top 5% with Exxon Mobil or any of the big corporations. The top 5% have most of their money in Municipal Bonds for tax purposes, so if you want to mess with the top 5%, then don't pay your municipal taxes, let them go bankrupt, like that one in Alabama.
    15 Nov 2011, 09:07 PM Reply Like
  • J 457
    , contributor
    Comments (951) | Send Message
     
    Wow- where to begin. Pensions are essentially bankrupt. Besides, the greater portion of the country has no pension. And the top 5% does not have most of their money in munis. The boomers that put their retirement in stocks are facing huge losses, and redemption's will further depress stock prices in the years to come. Good thing you are young, you'll have decades to pay for these many mounting problems.
    16 Nov 2011, 11:15 AM Reply Like
  • Derastone
    , contributor
    Comments (55) | Send Message
     
    You are confusing investments with solvency.
    CalPERS has $110.7 billion in public equities (11/11/2011)
    CalSTRS has $73.5 billion in public equities (10/31/2011)

     

    These are only two pension systems. Each state has a few and most of their assets are invested in public equities.
    17 Nov 2011, 01:22 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    Nancy PelosiĀ“s was up 41% too....not bad for Politician...
    15 Nov 2011, 06:18 PM Reply Like
  • J 457
    , contributor
    Comments (951) | Send Message
     
    Seriously, take five minutes to write your senator and congressman in support of HR1148. Enough is enough.
    15 Nov 2011, 06:59 PM Reply Like
  • who me
    , contributor
    Comments (23) | Send Message
     
    wolverine,the gangster banksters are setting up the biggest
    headfake since the 1930's.There isn't a disconnect only greed.
    They are sucking in the unfortunate inexperienced investors.
    Just look at daily SPY volume.
    15 Nov 2011, 07:12 PM Reply Like
  • wolverine27
    , contributor
    Comments (412) | Send Message
     
    i see it ....i watch the minute charts and see massive spikes in volume in the dia , spy and qqq at specific times. they dont even hide the market manipulation anymore.
    they get momentum swinging thru the technicals which triggers the hft machines. the xlf had an incredible spike this afternoon.
    i will continue to listen to the bond market .....which clearly shows trouble.
    15 Nov 2011, 10:11 PM Reply Like
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