Walmart Acts As A Flight To Safety Again

Well the market (NYSE:SPX) lost 20 handles today but one of our picks – Walmart (NYSE:WMT) actually finished up on the day. Even though a steep correction is on the cards in the spiders, our picks because of their strong competitive advantages should not fall as much. Furthermore the valuations of our picks are much cheaper than the market on average so if they do go underwater temporarily, the draw-down should be short and sweet. If we get the 200+ handle move down over the next few weeks, ignore all the noise that will definitely come from the financial media circles. This will be just a natural correction that is overdue. The commitment of traders recent report illustrates to me that this bull run has plenty more legs in it.

 

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