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SPDR S&P Retail ETF Message Board

  • rabittmaranville rabittmaranville Aug 28, 2009 11:10 AM Flag

    The odds sure do favor a rough correction

    one of those that scare the life out of everyone - ( a 7 - 10% correction - even if things are "great" now) - its just so hard to get excited about a market going up vs massive debts - higher joblessness - massive under employment - tapped out consumers and companies who show lower revenues and profits every time

    Gees - just because they beat a low balled wall street hype game estimate - all the lemmings go out and run em up
    I bet the retail sector will correct even more than the market too

    im guessing about 15 - 20 % is due

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    • I was just looking through the top ten holdings of XRT - Sales revenue losses of these companies look appaling - psun and odp had revenue losses of around 22 - 24% qtr over qtr - but they all - every last one of em had lost revenue in same store sales!!!!

      making XRT a very scary etf to own knowing what we know about consumer spending right now!!!!

    • looking at the charts - xrt has rallied back all the way to where it was last Sept - right before the hammer came down - and sales/revenues now are way lower than they were then - does not look like a recipe for making money to me!!!

40.68+0.54(+1.35%)Jun 28 4:00 PMEDT