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Mark Anthony
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Mark Anthony, is an IT professional and who had a scientific research background before joining the information revolution. Visit his blog: Stockology (http://stockology.blogspot.com/)
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  • The April Retail Sales Figure Was Rigged By The Virus 0 comments
    May 14, 2009 2:14 AM

    I wonder what the market's big fuzz was all about regarding the 0.4% drop in April retail sales?

    People have short memories. Just a few weeks ago a small bug causes such panic that it seems the world is coming to an end. And today people have totally forgotten about that small bug, and the panic it caused. It was initially called the Swine Flu Virus, and later renamed to H1N1 virus before it was quickly forgotten. I commented on it that the market over-reacted to the panic:

    http://stockology.blog...

    And today, the market UNDER-REACTED to the swine flu. I would assume, during the panicing last weekend of April, 2009, not knowing exactly how bad the swine flu pandemic could be, many consumers, including myself, choose to stay at home instead of go out shopping. That must be responsible for a big chunk of the 0.4% drop of April retail sales.

    Taking out the flu virus factor, US April retail sales could well have been an increase of 0.4% increase, not decrease. The market simply does not have a good memory about events just two short weeks ago.

     

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