Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (67936)	8/22/2007 12:41:13 PM
From: Bucky Katt	Read Replies (1) of 116555

I've been sniffing around the retail sector, looking for the overpriced stocks that will fall on their faces during the Xmas shopping season. It could be a bit more than just a 'rough patch' for many of them. Much depends on what the FED decides to do or not do. We are in a real mess. Now I read that many people who are in the repo system with their home mortgages were also blindsided by rising property taxes, and rising utility bills. Welcome to reality. What do they teach in school these days? They can puff up the so called leading indicators all they want, the reality is this> "It's no secret that many customers are running out of money at the end of the month. The paycheck cycle is more paramount than it ever has been." Lee Scott, WALMART ceo

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