Bernard Sosnick Quotes
You'd have to be blind, deaf and dumb to not have known that oil prices went up. But if that indeed has a severe impact on economic growth, you'd still have to say that Wal-Mart is a defensive play. It sells the cheap food and consumables that consumers have to replenish.
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Wal-Mart performed well in November when the chips were down. It demonstrated that a fundamental transformation has occurred over the last year and appears poised for a successful holiday season.
- Bernard Sosnick
