WMT

[Glenn]

WMT is inversely correlated to the price of gasoline. A large part of WMT's profits come from poor people spending their case money. Now that gas/heat/etc is so expensive, these people are forced to spend their case money on that. However, since the economy is not terrible and huge lines of credit are currently extended with low interest rates, middle income people have not yet been forced to step down to WMT. I like a calendar spread. The stock will do well long term but I don't expect much in the near future.