Wal-Mart Message Board - Msg: 1956279

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Non-Tech : Wal-Mart

WMT 102.48

-0.1%

3:59 PM EST

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To: Ken Turetzky who wrote (228)	8/12/1997 5:11:00 PM
From: Jack L. Dlugach	of 1166

Ken: WSJ says the late slump in the bond market cause the big drop in the Dow. "Traders attribute the late slide to a private research firm's report on retail sales" that were stronger than expected and signalled inflation fears that brought the bond rally to an abrupt halt and started a reversal. Seems like that should be good for retail stocks but I guess the idea is that WMT carries a lot of debt along with a fairly high p/e.

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