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SPDR S&P Retail ETF Message Board

  • esdumkauf esdumkauf Aug 18, 2009 10:50 AM Flag

    When retail earnings for Q2 are done

    I am guessing the Lemming Fund MGR's will run for the exits in order to lock in Retail Stocks gains - It would be a miracle for them to continue climbing from here - knowing what we know about consumer spending right now!!!!!

    I'll guess a 10% correction in retail stocks would still leave them over - valued versus qtr over qtr and yr over yr basis - i look at them and shake my head - it does not seem possible for them to have rallied this far - but irrational exuberance is what wall street lives for!!!!

 
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