I may be seeing boogeymen where they don't exist, but after looking at all the numbers this morning, particularly the balance sheet data, I took the gains on WMT and ran. I know it seems like obscure stuff, but the inventory turnover is down two quarters in row, and I was going to wait and see what analysts said about the build, but the stock opened weaker on higher eps guidance, so we took the money and ran. I don't want to manufacture reasons to be either bullish or bearish any name, but these are other reasons that caused me to pull the trigger on WMT this morning: The "mega-cap" leaders of the late 1990's are absolutely not where the action is in this market, and WMT is a mega-cap giant. We will look for smaller cap retail to substitute for WMT; Higher interest rates have never been a good back-drop for retail out-performance, and we are definitely seeing higher interest rates; WMT has missed or exactly met revenue estimates the last four quarters, unlike throughout the period from 2000 - 2002 where they beat by 1% - 3% per quarter. This is a name that many simply buy and put away, but we are hoping to repurchase WMT below $50 at some point by the end of the year.