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Receiving little attention as a hedge against a possible U.S. default are high-yielding blue...

Receiving little attention as a hedge against a possible U.S. default are high-yielding blue chip stocks, Mark Hulbert writes - odd, since such companies should provide a hedge in the event of a default, and excellent upside potential if default is averted. "Take Wal-Mart (WMT), for instance: Do you really think people will stop shopping in the event of a government default?"
Comments (4)
  • Fabien Hug
    , contributor
    Comments (1419) | Send Message
     
    Do you really think they'll stop shopping? Yes, they will steal. What do you do if you don't receive your SS check?
    26 Jul 2011, 10:49 AM Reply Like
  • tjohn1
    , contributor
    Comments (152) | Send Message
     
    People have already reduced buying what we call essentials for living. Not only Walmart but several other food retailers are not doing well. Competition is fierce in the supermarket industry. There is no safe business now.
    26 Jul 2011, 10:56 AM Reply Like
  • Lint
    , contributor
    Comments (391) | Send Message
     
    Default is the least of my concerns. The whole debate about the debt ceiling is a red herring. The true concern is the recession we must endure as the government draws back it's spend and/or the taxes that will be pulled from consumers. So will WMT be a hedge against such conditions? Nope.
    26 Jul 2011, 11:27 AM Reply Like
  • Lint
    , contributor
    Comments (391) | Send Message
     
    What nonsense. The debt level debate is a red herring. The true concern is the inevitable recession that we are entering as a result of the austerity measures that the federal government MUST impose to get it's debt load in balance. Thanks to the fed, we have a further debasement of our dollar and a backdoor tax by way of inflation...thus consumers can't spend more and with the upcoming government reductions in spending and/or pulling more tax dollars out of consumer's hands, they'll have even less to shop with.
    26 Jul 2011, 11:27 AM Reply Like
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