This was a strong up day in the stock market. The news from Walmart helped, the stock was up 6%. Same store sales were up 1.5% & they expect a good holiday season, forecasting same store sales will increase 2% in this quarter as sales exceed $100B. While their news is good, sub prime & other problem loans for banks remain, $90 barrel oil and the weak dollar in the foreign markets are going to affect the economy. Tech stocks which had been hammered in the last week rebounded strongly.
After the big rise in today's US markets, Asian markets are following through with gains of 2-3%. Everybody feels good, or at least now. US futures in Asia are showing little change even though Asian markets are strong.
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