Monday, November 27, 2006

Dow down 158!

Market went down today due to couple of reasons. Report of weak sales in Walmart and falling dollar. Moreover, many people made big gains in the last 4 months, it’s time to take profit for these guys. A little bit of profit-taking is healthy at this point.

I don’t worry too much about today’s decline. I think it’s an opportunity to buy stocks. Regarding Walmart, as usual wall street over reacted. I personally think it’s the time to buy Walmart and also its Indian partnet Bharti. If they pull off the retail venture in India, it’s going to be huge for both the companies.

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