I would agree. My feelings are expenses will be less and revenue may actually increase in this environment. I'm a FDO fan also but regarding the stores presentation DLTR has them beat hands down from my limited experience in the stores I've seen. Like I said previously, the business model couldn't be better for our business climate. Also there were actually 8 analysts that commented between yesterday and today found at various internet sites and the price target range I saw was 68-77. That includes the downgrades. I thought today's action was good considering. The markets in general appear to me ready for a short term bounce that may take the S&P to its 20ma ~1035-1040. I still believe technically this is set up for a run to the 64-66 area.
Oh I'm very much a bear. Just looking at some various things leads me to believe a short term bounce but then on down to at least to 1010 + or -. But like you said it could keep on going now. A lot of fear.
Got close to first target. Looking to see if the 62.75 area can now provide support. Large volume in 65 and 70 June calls today. Market sell off EOD looked ugly. Hope it doesn't drag this with it. Been immune so far.