Wal-Mart Is Paradise -- Lost!
Today is Wal-Mart's (WMT) big shareholder meeting in Arkansas. In late February I posted an article about the company entitled "Wal-Mart's Glory Has Faded -- Sell It!" The shares were close to $80 at that time.
Today the shares are trading at a 2015 low around $73.50. I should have written, "Wal-Mart's Glory Has Faded -- Short It!"
Interesting Piece on Apple
Banks are screaming to the upside this morning.
Here was my investment rationale several months ago that made me make the sector my largest long commitment.
My advice: Don't chase bank stocks today, but stay long.