Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: carranza2 who wrote (12253)	1/2/2002 7:34:26 PM
From: Jacob Snyder	Read Replies (2) of 74559

re: shopping at WalMart is not a good sign: Our household has 6-figure incomes, a 7-figure stock portfolio, a cap gain this year well into 6 figures.......and we did most of our Christmas shopping at WalMart and Amazon. I shop there because of Price and Choice. There simply is no value-added at glitzy stores. Walmart is one of the largest users of computing power and bandwidth. They are an example of a New Economy company, who makes profits while keeping prices low, by the efficiencies that new technology allow. Their efficiencies would not be possible without the products made by EMC and Intel and Sun. Our jobs, like most American's, is in the service sector, and are very secure. Ooops, I'm forgetting about the new car and the new PC. So, actually, it was Dell and Subaru who got our money.

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