The Market

The stock market isn't having a good day today. But this is following a nearly straight up trajectory. The big news is lousy retail sales. The bears are suggesting that consumers are finally pulling back because of falling wages, the housing bubble pop and rising energy prices. The bulls say retail sales slowed because of lousy weather and it's a one time blip. Of course, we shall see.

I find it interesting that Wal Mart is reporting the worst April ever. I'm sure weather played a part. But to be setting records on bad weather defies logic.