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It’s a beautiful day for shorting. My picks: Wal-Mart & Costco
I wouldn’t be surprised if the market ends down on the week (maybe even the day). This morning’s little bailout* blip just offers shorts another chance to set up some trades we may have missed in the...
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Retail sales since 1990, normalized for population growth and inflation
This chart (courtesy of Mish), shows that contrary to hype, retail has not recovered to anywhere near pre-crash levels, though the consumer culture is still very much alive.
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