Mid-Day, Retail Sales Sending Us Lower – Reality Sets In

April 14th, 2009

Well, I think the breakdown is really starting to happen. People and investors are realizing that with such high jobless rates and no money, people cannot purchase goods and services – i.e. the retail sales numbers were horrible. Of course, this has been great for members and I as our shorts are down very well today. WMT again is another stand-out another with some other big retail names in our portfolio – some down over 5% today alone. With regard to the financials, it’s pretty safe to say that if you are long you should be closing out your positions – um ASAP! Let’s see where the rest of the day is headed, but the outlook is great.

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