Contrary Headlines

Our "Read More" switch seems to be having a bad morning. Until it wakes up ....

Remember yesterday's stock market party based (or so the headlines said) on WalMart having such wonderful sales? Well, here's today's headline story:

WASHINGTON (Reuters) - U.S. retail sales posted their biggest monthly decline in nearly two years during June, according to government data issued on Friday, indicating the housing market slump and soaring gasoline prices are depressing consumer spending.

Sales for June dropped 0.9 percent where economists had looked for a 0.1 percent gain, far outweighing small upward revisions to the figures for May, according to Commerce Department data.

The market seems to be taking it well so far. Can you say slowing economy anyone?