Zeev's Turnips Patch-No Politics (ZEEV)

[Joe Stocks]

>>it was mobbed like never before<<

Jerry, Truth be told, I don't think we are going to see the predicted numbers get hit. I was really surprised that WMT's numbers weren't higher. Store count was up 4.1% and sales were up just 6.3%, I don't see how same store sales could be much higher than 2.5%.

I have been here at my store all day today and I'm not seeing the usual hussle of years past. I drove by a mall Friday night and the parking lot did not look anymore full than any Friday night. I think there is a lot hype out there. With refi's being down so much and unemployment higher, I got to think that shoppers will not have as much money to part with this year as many predict.

The hype could make it bullish short term but becareful for a bad headline.

That said, the Visa numbers were impressive.