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Wal-Mart (WMT -2%) slides as it appears sales are taking a hit from this year's payroll...
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Friday, February 15, 11:43 AM ETWal-Mart (WMT -2%) slides as it appears sales are taking a hit from this year's payroll tax increase. Cleveland Research says comps are running negative YTD (Street expects +1.9%) amidst a broad slowdown in consumer spending. "The magnitude at WMT seems more significant than we would have expected."
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Zerohedge have done an article on it. That mail correspondence appears to be quite the harbinger of a US consumer melt down.