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Warning Shot for Stocks: Payroll Tax

Submitted by Stockmaster2 on Fri, 02/15/2013 - 21:10

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Wal-Mart sales slowing and retail sales numbers are down. We've all been warned.

Mastery moved to 90% cash this week as we watched stocks continually bump up against but not push over the Dow Jones 14,000 mark. Today we get news from Wal-Mart (WMT) that Feb. sales were a 'total disaster'. The numbers for U.S. retail sales are also down. Finally the impact of the Jan. Payroll Tax cut are being felt and it will soon make its way to Wall Street and our stocks.

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