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Barry Ritholtz's analysis of "pitiful" December retail sales tells him the potential for a...

Barry Ritholtz's analysis of "pitiful" December retail sales tells him the potential for a recession in the next 12-18 months is much stronger than generally believed. After needing price cuts and discounts to lure customers, margins and profits will prove even more disappointing when retailers report Q4 earnings next week, he says. "Watch for changes in guidance for the first half of 2012."
Comments (2)
  • untrusting investor
    , contributor
    Comments (9923) | Send Message
     
    Plenty of already announced lowered guidance and earnings misses (YoY quarter comparisons) so far with likely quite a few more to come yet.
    13 Jan 2012, 11:30 AM Reply Like
  • Poor Texan
    , contributor
    Comments (3529) | Send Message
     
    I reached the same conclusion as I saw the hugh amount of promotional sales. Also I have seen advertisements for goods and services from companies that did not advertise in the past indicating (to me) that they were not drawing in the level of business they were expecting and were used to (and needed to maintain margins?). Even without a recession, the low level of business activity augurs badly for any type of sustainable recovery.
    13 Jan 2012, 12:34 PM Reply Like
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