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Retailers' Sales Rise Most in 4 Years, Overcoming Job Concerns

Discussion in 'Economics and Financials' started by unluckyluciano, Jul 7, 2010.

  1. unluckyluciano

    unluckyluciano For My Hero JetsSuck

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    Good news if true.

    http://www.bloomberg.com/news/2010-07-07/u-s-retailers-sales-increase-most-in-four-years-overcoming-job-concerns.html
     
    Stringer Bell and Fin D like this.
  2. azfinfanmang

    azfinfanmang Premium Member Luxury Box

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    Interesting that they open this up with a PROBABLY.
    More scholars behind this????
     
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  3. Killerphins

    Killerphins The Finger

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    It was probably those unemployment checks stimulating the economy :lol:
     
    azfinfanmang likes this.
  4. unluckyluciano

    unluckyluciano For My Hero JetsSuck

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    well the markets been rebounding on this, so its based on speculation from reports more then likely, which is why its probably, just not 100%.
     
  5. azfinfanmang

    azfinfanmang Premium Member Luxury Box

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    Meh, the wording throughout was thought up with lawyers in mind.
    "Might have"?
    "Estimate"?
    "Better than many investors are betting"?
    A bumch of double talk throughout.
    We will have to see, but all the indication I keep seeing is more un-employment, drop in car sales (10%) and severe drop in new houses.
    Tack on the fact that we are in a 6 week low against the Euro and I see other indicators that are NOT speculation on the horizon :up:
     
  6. unluckyluciano

    unluckyluciano For My Hero JetsSuck

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    The market gos up and down with speculation. Its unknown until the actual reports are released, which is why the market will go up or down depending on what the actual report says. I think you are trying to spin this into a hack job when in actuality it is a quite common thing.
     
  7. azfinfanmang

    azfinfanmang Premium Member Luxury Box

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    I am just trying to state that this isn't good or bad news as it really isn't news, just speculation.
    The only place you see speculation portrayed as news is the tabloids.
    Just sayin.........
     
    anditsgood likes this.
  8. unluckyluciano

    unluckyluciano For My Hero JetsSuck

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    In terms of the economy not really. Till the reports come out its all speculation.
     
    azfinfanmang likes this.
  9. Dol-Fan Dupree

    Dol-Fan Dupree Tank? Who is Tank? I am Guy Incognito.

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    they definitely help. If people have less money to spend then retailers make less sales.
     
  10. unluckyluciano

    unluckyluciano For My Hero JetsSuck

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    Here you go az:


    http://www.bloomberg.com/news/2010-07-08/u-s-stock-index-futures-decline-after-rally-symantec-retreats-in-europe.html
     
  11. jdang307

    jdang307 Season Ticket Holder Club Member

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    Well, there it is:

    http://www.bloomberg.com/news/2010-...s-warm-weather-bargains-attract-shoppers.html

    This is true too. Documented by an episode of Married With Children (anyone remember that???)

    Numbers are funny when you start digging:

    Could be a huge part of that jump there. Take away sales from May, put them in June, now you have a huge jump not normally seen.

    But I think the reason the market jumped was, most investors had braced for terrible numbers. With the May confidence numbers so low, terrible retail sales were the fear. Instead we got mixed retail numbers, so the market adjusted accordingly.
     

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