Wal-Mart Message Board - Msg: 1729895

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Non-Tech : Wal-Mart

WMT 102.48

-0.1%

Nov 14 3:59 PM EST

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To: Leo Francis who wrote (69)	7/9/1997 3:41:00 PM
From: Jack L. Dlugach	of 1166

Leo: Didn't mean to put words in your mouth--thought I remembered something like that from an earlier post. Anyway, I'm not arguing with you--as I've been saying, WMT and the Dow stocks are definitely very pricey and the Dow's gyrations show that somebody else has also noticed that--it's been down 142 in the last few minutes and last I checked it was Dow minus 122 with WMT at 33 1/4 but the broader market looks pretty good judging by the portfolio totals which are all up nicely. Whether we'll get down to the mid or high twenties I don't know--I still don't think so but with the MW bankruptcy filing and the big loss from Talbots plus all those earnings disappointments from the retail sector, you may end up being right...retail is definitely not looking too be in favor right now. Looks like we'll know pretty soon.

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