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SPDR S&P Retail ETF Message Board

  • spykid3b spykid3b Jul 27, 2009 10:31 AM Flag

    sheesh, back to $26!

    Laid off consumers have no money to spend

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    • Yes - No one will have a job and the rest have lost there savings or most of their equity in their home - how can retail revenues go anywhere but down - other than (walmart) and other disounters

      I see much more pain ahead when the dust settles - and this (we beat expectations by a penny nonsense is forgotten ) the bottom line - revenues and earnings are still way down in the toilet and possibly heading lower after all the government programs have propped us up a little!!!! retail is in nothing but a massive dead cat - bear market rally!!!!

      ps - at least we should see a big correction in retail stocks and the market in general between now and November!!!!the odds favor it

 
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