Wal-Mart Execs Panic, Housing Shudders, Exploding Gas
By: Matthew Whiz Buckley
In today’s Market SITREP, I report on what Wal-Mart (WMT) execs say is the reason behind their worst February in years. We’re going to see a lot of housing data this week and the NAHB data released this morning isn’t a good start. Gas prices have soared for 5 weeks straight, and along with the payroll tax expiration, retailers are sure to feel the squeeze.
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