Welcome to Wal-Mart! Get out that yellow smiley face. This is the Wal-Mart Rally! Cheap!!

Obviously, there are many reasons why the market heads higher (or lower) and I refuse to accept the concept being spewed on financial entertainment today that this has mostly to do with Wal-Mart. Come on people! If you believe that Wal-Mart’s guidance indicates that the holiday shopping sprees for all Americans are guaranteed, you have to be nuts. If you believe that WMT and their quarterly performance solves all the shit going on in this market, you have to be nuts.

Please go back and look at every prior quarter and every other time that Wal-Mart discussed its performance or how well or how poorly things were going. It’s a giant whipsaw of good and bad. But more importantly, when the data was not good, the hypesters have often told us how WMT results are not proxies for the consumer. Then, of course, when the numbers are good or not bad, suddenly it’s “Welcome to Wal-Mart!”  Enjoy your shopping experience.