Wally World
August 23rd, 2005 by BWV
While Wal Mart (WMT) still makes money hand over fist, they are now growing much much slower than before. This makes sense.. even us Americans have limits on how much cheap plastic made-in-China crap we can buy.
WMT’s financials represents the consumption habits of the lower 1/3 of America, wealth-wise… The same group that gets hit hardest by $3 gasoline, as fuel is a much bigger % of their budget than richer folk. Not to mention that WMT stores are pretty shoddy.. I feel dirty just being there. Of course it could be argued that I am dirty. 
Here’s the weekly chart. I missed the top of the little “re-test” rally, but am now short from $47.36 last week.
Short WMT
This post has been removed by a blog administrator.