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Theo

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Theo

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Re: GatorTex post# 5315

Tuesday, 12/23/2014 11:21:16 AM

Tuesday, December 23, 2014 11:21:16 AM

Post# of 43522
All retail is getting a tail-wind from low oil and it's showing up already:
From today's WSJ article (#msg-109310531)

"In the third quarter, Tuesday’s report showed, consumer spending rose at a seasonally adjusted annual rate of 3.2%, up from an earlier estimate of 2.2%. Spending on goods and services contributed 2.21 percentage points to the quarter’s growth rate of 5%, up from an earlier estimated contribution of 1.51 percentage points."

I don't care how good of a short-trader you think you are; these numbers do not bode well for shorts in ANY retail genre at this time imo.

Theo ;-)

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