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jdaasoc

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jdaasoc

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Re: ajtj99 post# 130477

Tuesday, 10/07/2008 7:35:36 PM

Tuesday, October 07, 2008 7:35:36 PM

Post# of 148479
I will probably join you below 975.

What is your opinion on retail sales for Christmas.

I think the upper 5% households have taken a powder on equities over last 6 months parking mostly in the safety of bonds. Their participation in retail sales will be wait and see looking for rock bottom discounts as Christmas gets closer.

For the most of the people who have to work a few extra years now because of investing in growth funds with their 401K plans, they will definitely scale back their spending plans.

If nuclear winter doesn't lift for the retailers soon, there will be a lot less retailers around come FEB.


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