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Deckers Outdoor Corp. Message Board

  • netstocksanalyst netstocksanalyst Mar 29, 2013 12:27 PM Flag

    Today's stunning consumer sentiment data bodes well for DECK (and all retail) on Monday

    See you at $60
    March 29, 2013
    11:35 EDT
    theflyonthewall: Consumer Sentiment Index data reported:
    March Consumer Sentiment Index at 78.6 vs. consensus of 72..5
    Today's U.S. reports revealed a stunning upside spending surprise for Q1 and an unusually large boost to confidence as gauged by the Michigan sentiment index to leave a sharply stronger outlook for the economy on the quarter and for 2013 overall. Though personal income has adhered closely to assumptions through Q1 to leave a hefty tax-induced Q1 disposable income plunge, shoppers fully ignored the payroll and income tax hit. Though Milton Friedman's "permanent income hypothesis" presumably wouldn't apply to the budget-constrained households disproportionately impacted by the payroll tax hike, the theory was 100% vindicated in this instance, and analysts have sharply boosted our Q1 GDP growth forecast to 3.0% from 2.4%, and now expect a solid 3.3% growth pace for Q1 real consumption. :theflyonthewall.c

 
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