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