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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (33854)	10/11/2008 2:45:26 PM
From: catflu2™	Read Replies (3) \| Respond to of 208130

well, some people still have cash no doubt (especially in Texas). But mall traffic counts are down and a good thirty percent of the pop is hurtin. So most reports you see indicate a 30 percent top line drop in sales. Which ain't growin' and thats what the american economic model is based on-growth. Margins get killed too eventually when retailers start discounting. I don't care one way or another it will come back bigger and better. But most people are shell shocked right now. Lookit the gov...they want to close the store for a few days to get a handle on the inventory. When I say retail is ded i mean it just smells funny. wait till they start repo-ing cars right and left and then let me know how the car biz is. Banks are already tapped out in the ability to handle the legal paperwork and other headaches the forclosures have caused.It'll hit everybody eventually.