Quote of the Day: Hoping Cooler Heads Prevail
We titled our August 11 blog post:
"Hugely Broad Tariff Risk! But imagine the upside if/when cooler heads prevail..."
The Dow's up 324 points as I type, here's the story:
"Stocks opened sharply higher on Thursday on renewed hope that a resolution to a trade dispute with China could be on the horizon."
Of course Wal-Mart posting hugely good results didn't hurt (good for 60 points worth of the Dow's move). Keep in mind, however, that's just 60 points; the bulk (Cisco just posted good results as well) of the rest of the move is all about the bullish prospects for the large multi-nationals should cooler heads prevail...
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