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WFC - Fastenal Confirms Main Street Doing Better Than Wall Street - Also It's All About Stocks And Earnings
Wells Fargo & Company
What Fastenal tells us about the real US economy
Going into earnings this week, I was going to go negative on Fastenal (FAST), after all the ISM manufacturing number gave me and plenty of others the shivers. Then, I thought to myself that Fastenal is not just an industrial provider to the big mega-cap companies but to all sorts of businesses. It is my contention, and I have said this over and over, Main Street is doing better than Wall Street. What I mean by that is Wall Street is hyper-focused on public companies, as