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With the Retail HOLDRS ETF (RTH) surging back through its pre-recesssion highs, PragCap is...

With the Retail HOLDRS ETF (RTH) surging back through its pre-recesssion highs, PragCap is worried things may be getting just a bit ahead of themselves - considering stores' operating income remains significantly below 2007 levels. "This price action is acting as if the consumer is (or will become) whole again - which I believe is undeniably false."
Comments (2)
  • Jason Tillberg
    , contributor
    Comments (1237) | Send Message
     
    3.1% savings rate and over 18% of Personal Income is coming from Government Transfer Payments.

     

    Quite frankly, pathetic.

     

    Meanwhile, I saw a new building in my town nearly finished. It looks beautiful. When I looked at the sign on the front to see what it was, it said "Food Pantry." ( I don't believe it to be a store)
    16 Apr 2010, 10:03 AM Reply Like
  • nightfly
    , contributor
    Comments (1017) | Send Message
     
    Just opened a short on RTH, the poster child of over exuberance.
    16 Apr 2010, 10:19 AM Reply Like
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