Monday, June 10, 2013
Sale at Walmart
When Walmart peaked in 2008, the market crashed...
Walmart is a late cycle stock, meaning it underperforms during the early part of the economic cycle, but generally outperforms at the end of the economic cycle. This should come as no surprise since it's the world's largest purveyor of cheap junk, and junk is what people buy in a recession. The black outline is the market, superimposed on Walmart's chart, which as we see, is already rolling over:
Posted by Mac10 at 9:01 AM