The Wonder of Walmart

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WalMart came out with earnings this morning, and it looks like another record high for this giant retailer, whose value is approaching $300 billion. If you were from an alien world and saw this chart, you would logically conclude that the United States has never had a bear market, not even once. This stock does one thing only: it goes up.

For some self torture, check out the Woulda Shoulda Coulda page and play with WalMart. For example, a thousand bucks in 1974 would be worth over $8 million today. Isn’t that beyond belief? We really need to get that time machine working again, folks.