Walmart CEO, Lee Scott recently told analysts that he feels:

1) Good...

2) Excited...

3) Optimistic...

...about Walmart's upcoming holiday season. Why? Because consumers are broke and they have to shop at Walmart or else.

"I saw great merchandise and our customers are going to love our prices," Scott said during the conclusion of Wal-Mart's two-day annual analyst and investor meeting in Rogers, ARK.

"I feel we are well positioned for an economic downturn," Scott said. "Our low prices and low-cost business model should give us an advantage over other retailers if things get more difficult for consumers."

Wal-Mart CEO excited about holidays [CNNMoney]
(Photo:Paul Jerry)