And in contrast to the Wal Mart report on sales.....

[Yo_Mama]

4. Walmart's grocery prices aren't that hot

But even if Walmart were gaining grocery shoppers, the losses expected from discretionary sales would overcome that gain until it got very large.

It's even more likely that if someone were going to buy a pair of pants, but now can't, that the person might go that week to a supermarket instead of Walmart, and thus Walmart would lose doubly. With gas prices this high, people don't drive around as much as they used to.

It's early days yet with the FICA increase, because most people won't react much for a few months.