Down Home Up
When investors saw that Home Depot posted a swell second quarter report they flipped.
They loved it, they had to have more.
Bad Lowe's sent them packing yesterday, but Home Depot made them weep with joy, today.
The DOW gained 80+, that's nice.
The basic problem right now is that nobody really wants to see the markets drop, yet there is not really a compelling reason for them to rise or to stay where they are. So, what to do. One scenario seems to be the oscillation, up, down, up.
Reuters: Wall Street regains ground
...better-than-expected results from big retailers...
...the market balanced that off with Home Depot...