The stock market is down this morning by more than 3%, so I checked the components of the 30 Dow Industrial stocks to see which were up and which down. They were ALL down, except one, consumer giant, WalMart. It was UP 3.2%.
Tuesday, February 17, 2009
The Strength of the Consumer
The Austrian Theory of the Business Cycle is all about the market restructuring back towards the consumer from a distorted consumption-savings ratio caused by Federal Reserve money printing.
The stock market is down this morning by more than 3%, so I checked the components of the 30 Dow Industrial stocks to see which were up and which down. They were ALL down, except one, consumer giant, WalMart. It was UP 3.2%.
The stock market is down this morning by more than 3%, so I checked the components of the 30 Dow Industrial stocks to see which were up and which down. They were ALL down, except one, consumer giant, WalMart. It was UP 3.2%.
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