Why Retails Sales Are Much Better Than They Look

The Business Insider ^ | 6-11-2010 | Vincent Fernando, CFA

[blam]

Why Retails Sales Are Much Better Than They Look

Vincent Fernando, CFA
Jun. 11, 2010, 10:12 AM

Econompic breaks down today's retail sales report nicely, showing how retails sales missed expectations mostly due to falling building materials and gasoline sales.

Econompic:

Building materials (which fell back to earth following a spike in April to take advantage of the end of the tax credit) and a 20% decline in the price of gasoline led the fall (these figures are nominal). Subtracting those outliers we still have a decline, which shows weakness. Just not as weak as early reports would indicate.

So it was mostly a function of housing activity and gas. Without these items, sales rose 0.1%.

[snip]

[blam]

Here's Why Many US Housing Markets Are Continuing To Weaken

[sodpoodle]

Stocking up on frozen seafood.

Also buying other frozen produce for the inevitable inflation heading our way.

During this *panic* period when retailers are slashing prices is the best time to purchase *luxury* leisure items: Autos, TVs and appliances.

That’s my best case/worst case scenario.

[qam1]

If I, I get to know your name
Well if I, could trace your private number, baby
All I know is that to me
You look like you're lots of fun
Open up your loving arms
I want some,want some

I set my sights on you (and no one else will do)

And I, I've got to have my way now, baby
All I know is that to me
You look like you're having fun
Open up your loving arms
Watch,out here I come


You spin me right round, baby
Right round like a record, baby
Right round round round


You spin me right round, baby
Right round like a record, baby
Right round round round


I got to be your friend now, baby
And I would like to move in a little bit closer


All I know is that to me
You look like you're lots of fun
Open up your loving arms
Watch out, here I come

You spin me right round, baby
Right round like a record, baby
Right round round round

You spin me right round, baby
Right round like a record, baby
Right round round round

[red tie]

Yeah, without the rain it is a beautiful sunny day! ;-)

[Right Brother]

It rained all night, the day I left

The weather it was dry

The sun so hot, I froze to death

Suzanna, don't you cry

[BenLurkin]

That’s a fun song to sing to the tune of “The Yellow Rose of Texas” (and vice-versa).

[blam]

"Stocking up on frozen seafood."

Buy Tuna.

5 Distasteful Bets You Can Make On The Gulf Oil Spill