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Market Update - Wal-Mart: First Sales Decline in 10 Years

Author: David J. Kosmider (info)
Website: http://eidoan.com/
Posted: November 27th, 2006 at 6:16 pm EST
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The markets traded strongly lower today on this first full trading session since the holiday. Several troubling announcements were made today. One was that Wal-Mart’s (WMT) showed a decline in same store sales for the first time in in 10 years. Ford (F) also announced that it would be taking asset-backed loans for the first time in its history. Gold and Oil traded higher today while the US Dollar continued to decline.

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