"JohnH" wrote in message
...
On Wed, 13 Aug 2003 19:20:26 GMT, "Doug Kanter"
wrote:

Yet WM is going crazy, as are many other retailers. Is it because only the
'rich' shop at WM? After all, they are the only ones to have received any
benefits from a tax cut. Right?

Have I just gotten more stupid in my old age?

Chance are good. You may want to wait and find out if Target, K-mart and
other retailers are seeing the same spike. Wallymart may be enjoying more
business because they're selling more cheap goods manufactured in China.

Also, as you may know, mortgage refinancings have been driving a lot of
liquidity into the economy. That's now trailing off and I expect the free
flow of money will follow.