Thursday Morinng

Walmart beat by two cents and European GDP came in soft as Germany showed their slowest growth in five years. Futures are bouncing and oil is up. Our CPI is due out at 8:30. Greenspan calls a bottom in housing early next year. Wait a minute, didn’t he create this problem? and by the way, this is the FOURTH bottom he’s called. He must have been hanging with Cramer. We’ll know more after CPI.