The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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From: Think4Yourself	8/16/2006 8:12:49 PM
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This may seem a bit off topic at first, but it speaks volumes for what is coming up for this country. yahoo.businessweek.com Pricey makeovers, combined with the pinch of rising economic pressures, are putting a dent in the financial results for the nation's two largest big-box retailers, Wal-Mart Stores (WMT) and Home Depot (HD). Wal-Mart, saying it was "disappointed" at logging its first quarterly decline in profits in 10 years in its second-quarter report on Aug. 15, saw its stock drop 1.22%, to below $45. At Home Depot, executives posted sluggish second-quarter results and warned that they're in for only modest gains for the rest of the year. ...

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