Some additional market summaries for Tues, May 30, 2006. A new living wage for the US? Oil rises; Wal-Mart slumps, Dell is up:

• NEWS:

• On Street Signs today, Paul Sonn talked about trying to institute a minimum living wage of US$10/hr in Chicago. David Vite argued against this, some employers could not possibly pay more than $6.50/hr and still make a profit. One of the targets of Mr. Sonn was Walmart. As an example against Walmart’s low wages, Sonn gave as an example other big box stores who pay $10/hr minimum starting wage
• The slide in the market today has sent up precious metals.
• Oil went up today, possibly on the news that the US will be sending reserve troops to western Iraq. [via NY Times, free registration may be required]

• Wal-Mart dragged down the US market today - which probably had nothing today with Paul Sonn’s comments (above).

• Michael Dell just bought $25 mil of his computer company Dell’s shares [NYSE: Dell, ~$25]. Consider that Dell recently struck up a deal with Google, and decided to switch to AMD processor units for its computer servers, instead of long-time partner and industry top dog Intel. Does this mean this stock is going to rise? Probably. For a long time? Don’t know, but don’t think so. But if you have cash to burn, consider adding 100-200 shares in the next couple of days. Otherwise wait it out until the price drops.

DISCLAIMER: I do not own shares in any of the companies listed, unless otherwise noted. The suggestions below may not be considered investment advice, and I am not responsible for your purchases or sales. You trade at your own risk. If you disagree, please visit elsewhere.

Tags: worldwealthview, world wealth view, Wal-Mart, Dell Computers, AMD, Intel, precious metal, oil