Wal-Mart: They Pretty Much Ruin Everything

Posted by Bess Levin, Nov 28, 2006, 2:16pm

Or at least just the party in Wall Street's pants.

The shopping mall is not the only place where prices are falling. Stocks tumbled yesterday in their steepest slide since July, after a weak sales estimate by Wal-Mart spurred concerns about the holiday shopping season and fed broader worries about a slowing economy.

The sell-off on Wall Street spoiled what had largely been a steady run-up in stock prices in recent weeks. In the last month and a half, the Dow Jones industrial average broke through 12,000 for the first time, and the broader Standard & Poor’s 500-stock index rose to its highest level in six years.

Stocks Drop Steeply After a Bull Run [NYT]

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Posted in: Wal-Mart

Comments

Posted by chicken little, Nov 28, 2006 2:38PM

is it too early to officially announce that Wal-mart has "ruined Christmas for everybody?"

Posted by They Call Me Tubbs, Nov 28, 2006 3:23PM

I don't know anyone who shops at Wal-Mart. Do you? Hell, I don't even know where I could even find the nearest Wal- Mart!

Still, the prospect of tens of millions of fat, lazy, stupid, American consumers being deprived of their cheap made-in-China items this Christmas makes my cold Wall Street heart just a tad warmer.

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