What's With Wal Mart

Wal Mart has not been able to get off the mat in the past few weeks, even though it is finally bouncing today. Many are attributing this to the possibility that President Obama will make it easy for employees to unionize.

An alternative reason might be that over a million Americans will be losing extended unemployment benefits this week. The Senate failed to pass legislation to extend the benefits. Many of those receiving unemployment likely shop at Wal Mart and that might be why the stock is down.

1 comment:

Anonymous said...

I think it is more irrational than that: strong, growing blue chips like ABT, WMT, and MA have gotten slammed while their lower-quality brethren hold up much better.