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Wal-mart to America: Smile, You Can't Afford Better Stuff!
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I'll get to Wal-mart (WMT) in a minute--first, some context. Lately in my Strategy Lab portfolio, I've had quite a bit of churn. Why? Nothing seems to stick. One day, commodities are the only bull market; the next day, they are toast. One day, financials are an easy short; the next day, they rally sharply. There are two alternatives to churn: 1) Buy and hold. 2) Cash. Buy and hold, in this market, will get you crushed. On CNN the other day, an emailer said the recession was hurting him because every day his stocks were going down. As if he had no control over this, as if the buy and hold robot were forcing him to do nothing. It's ok to sell! As for cash, I actually prefer it right now in my personal portfolio, but I've been trying to stick to the Strategy Lab contest rules, which require that one be 65% invested. But what stock is safe? Today, I've found my answer. Wal-mart. WMT is not hot or cold; it's just right. I had been trying to play "battleground" stocks, like Goldmas Sachs (GS), where there are strong opinions on both sides. But with WMT, who cares? You don't go to Wal-mart because you are passionate about the fashions or the ambiance of the stores. You go because you, America, are in debt, and Wal-mart is cheap. The stock is blissfully boring, and a great place to put cash to work if you really need to. [Simultaneously posted on my personal blog, with pictures and charts.] | ||
