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Imagine That

After 4 down days, the markets were looking for reasons to buy and found that in today's news.  WMT's earnings and a bid for Potash, brought the buyers in on what seems like a significantly bullish day.  I would, however, exert you to caution.  WMT's earnings beat expectation and increased outlook on overseas sales, a  positive for WMT for sure, but no validation of a recovering US economy.  The Potash M&A is an initial boost for the Agri industry, but by itself does nothing to change economic uncertainty.

So, the markets decided the positive daily news was enough to overcome the fundamental uncertainty of the economy.

Imagine that.

Summary:  Markets continue in a choppy range, but consider all the data before getting into the markets.



Disclosure: No Positions