January Market “Surprise”
I was just discussing with some folks yesterday the fact that my Wal-Mart indicator was still holding. I had to go there the evening of Dec. 26, after having heard all day long on the news how “packed” the retailers would be. I waltzed in there right at the 6pm “rush hour,” got my stuff, and only had to say ’scuse me about 10 times (i.e. it wasn’t busy at all). I had a hard time getting out, but only because they had about 25 of the 40 registers closed.
Today I’m getting concerned. “Experts” are emerging who agree with me that the market looks like it’s topping. That’s the first sign I’ve seen that maybe it’s not!:-) The article also mentions to watch out if 1249 fails on the S&P. Hmmm, where have I heard that before?