LCM

Average Joe Isn't Buying: Retail's Future Looks Bleak

For everyone out there focusing on the "numbers", you're focusing on the wrong thing...it's the fear that the "analysts" just don't get!! I worked in high end retail the last 5 years and I saw this coming a year and a half ago. I told everyone i knew "get your money out of the market". Those that listened to me are glad, those that didn't...oh well. As for retail stocks...trust me, there will be NO GOOD NEWS for a long time comin! I've been watching some retail stocks closely and unless they go beyond the lows of last November, I'm not touching them. And as for everyone that thinks the money is just being "redirected" to low end retailers like WM, well thats stupid too.... While most people may turn there for necessities, there is also a lot of needless CRAP that WM sell, that isn't necessity. Why do you think they "disappointed"?