649bruno
Short

Wal-Mart, Always Low Prices? An Update

AMEX:XRT   SPDR S&P RETAIL ETF
16 0 4
Eleven days ago I published a warning for severe selling in WMT             .
Today WMT             got sold down, HARD, and XRT             had its worst day in years.
Macys             , Kohls             , TGT             , WMT             , GPS             , NKE             , FL             , and most retail stocks in general, got clocked.
The charts for most retailers look terrible.
This is yet an indication that the stock markets are selling at P/E multiples that are are not only discounting the here, but also the HEREAFTER.
If the consumer is supposed to lead the markets higher, the action in XRT             is a warning of broad market weakness yet to come.
I hope this has been helpful. May all of your trades go well. Don.


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