Wal Mart Party

Slow moving giant Wal Mart drove the market today. The laggard company posted an increase in earnings of around 8%. After waiting all year for some action, the stock FINALLY moved up. The entire Street followed suit. Investors began bottom-fishing among the financials, and the result was an increase in the 3% range for the entire market. NASDAQ, which had taken a beating in the last few weeks, posted a 3 1/2% gain. Is this the bottom of the subprime mess? Realtors certainly hope so, even as more bleak news on the group came to light. I'm still waiting for the fat lady to sing! DJIA +319.54 NASDAQ +89.52 S&P 500 +41.87