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SPDR S&P Retail ETF Message Board

  • sportycarman sportycarman Sep 10, 2009 4:36 AM Flag

    just read this:: not good for retail

    But while there were improvements in manufacturing and other areas in the broader economy, the central bank's reports suggested weakness in retail sales and the job market would hold down consumer spending. Some analysts said that was reason enough to stay cautious.

    "The fundamentals are better but still not supportive for a strong recovery," said Peter Lai, investment manager at DBS Vickers in Hong Kong. "These types of figures aren't cause for celebration. Unemployment is rising and consumers are still hurting. The higher the market is the more fear I have."

    (this is just a part of the article - but shows the gist of it - I suppose its good news for xrt and its crappy collection of retail stocks!!!

43.31-0.28(-0.64%)Sep 28 8:00 PMEDT