Barron’s Associate Editor Michael Santoli discusses what to expect from the markets this week. (Nov. 24)
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof. —John Kenneth Galbraith
Retail Sales in Jan rose .4% headline m/o/m, .7% ex auto's, .6% ex auto's and gasoline and .7% at the core. The headline figure was less than expected while the rest were slightly better. But, with respect to non headline sales, because Dec figures were revised lower, taking the two months together were about in line with forecasts overall. Sales rose in electronics, building materials, food/beverages, clothing, sporting goods, dept stores and restaurant/bars and fell interestingly for online retailers, health/personal care, furniture and motor vehicle/parts. Bottom line, headline sales were below expectations due to the greater than expected fall m/o/m...
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November 24th, 2008 at 3:58 pm
Sounds about right. If Black Friday exceeds expectations, which, as Santoli hints at, it probably will, then I think the rally continues into next week.
November 24th, 2008 at 4:01 pm
The rally continues..after a pull back of course. Start looking to distribute away from the $US. I don’t know where to except for gold or gold miners. To early for emerging markets…