User 143167

A Perfect Storm: Retail Is a Buy

Dollar is up because of the fear of a global recession/sharp slowdown. Oil prices are down for the same reason.
As 50% of S&P500 operating earnings are from overseas, I don't think this bodes well for the earning outlook in 2008.
Ok, we know the Fed will not hike rates soon, with FFR at 2%, we can trade the market into 50x PE anyway.