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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jack of All Trades who wrote (71102)	10/5/2006 12:47:40 PM
From: Walkbarr	Read Replies (2) \| Respond to of 110194

Thinking the same thing, if so I'm sure there sales were down.

To: Jack of All Trades who wrote (71102)	10/5/2006 6:21:13 PM
From: J_Locke	Respond to of 110194

In September '05, Target's same store sale were up 5.6%; Wal-mart's same store sales were up 3.8%. It was not a weak month for retail. The numbers that got reported today were blow-out good. By and large the only exceptions were chains like Costo that saw poor revenue growth because revs from gasoline sales were down. Auto sales for September were also very strong including (incredibly) a big rebound in truck/suv sales. Joe Soccer Mom has been taught that saving is for suckers and any relief from gas prices or utilities will seemingly end up at the shopping malls. I thought one interesting detail that came out today was that Haverty Furniture had same store sales growth of 6.4%. Even companies that are leveraged to the housing boom are doing OK. No one can doubt the evidence of a slowing housing market, but if companies with direct exposure to housing like Haverty, Mohawk Ind., Home Depot, Lowes are doing fine, the effect on the broad economy is so far very minimal.