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SPDR Series Trust - SPDR S&P Retail ETF Message Board

  • arbinexile08 arbinexile08 Aug 18, 2009 10:12 AM Flag

    Retail earnings are like:::

    Powdered sugar on a piece of dung

    On top - we see wall street and the cos own mgt sprinkling the sugar on top (we beat the number by a penny or we low balled it really well and beat by 10 cents) - but under neath it all - we were down 20 - 30% from last year hence the dung

    all in all - things just are not that good - consumers are not going to spend us into a brilliant recovery - because thay are just plain tapped out!!!!!

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    • With earnings for Qtr 2 almost over - and no more of that "powder on dung" news to help prop them up - then whats next??? since this sector may be way ahead of itself - Selling of the shares - a big sector correction maybe????

      Only the good Lord knows which way the wild goose goes!!!!!

    • i know I am - Ive lost 25% equity in my house - and have cut back on every expense you can name - I drive less - eat in more and only go to discount stores (and even then have gotten very thrifty)

      If i am the typical american - how is just not spending - then retail sales are going to keep this trend going for a while!!!!

 
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