In my Friday market preview, I mentioned that the outcome of last Friday's nonfarm payroll report would set the tone for June trading, and boy was I right! The payroll number missed expectations by a mile, and equity markets sold off in dramatic fashion. The Dow Jones Industrial Average
As the chart above shows, investors shouldn't be shocked by a summer sell-off. After all, this is the third summer in a row that we've experienced summer weakness sparked by the European crisis. In both 2010 and 2011 we experienced corrections, and both times the market bounced back en route to making new multiyear highs. Warren Buffet once said, "In the business world, the rearview mirror is always clearer than the windshield." The future certainly looks unclear, but as we've seen in the past, you can never count out a little government liquidity to get the wipers working again.
One company that has ignored the recent sell-off is Wal-Mart
On the other end of the spectrum we have Caterpillar
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