Today’s bad news aftershock......for the first time the world’s largest home improvement store chain has closed a flagship store for performance reasons. The Home Depot says of the 15 stores that it plans to close within the next two months, 4 of the 15 stores are in the surrounding states of Indiana and Ohio, Home Depot also plans to close a store in Frankfort KY.
Today’s good news aftershock.... The Dow Jones industrial average rose nearly 190 points to finish above 13,000 for the first time since Jan 3. Banks, home builders, chip makers, and retailers surged.
The aftershocks are still coming. No new news there.....the good news, however, is they are aftershocks. We need to adjust to the settling of this market over the next 24-36 months.
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