Economic Statistics for 6 Mar 12
Weekly retail sales are the only thing on the calendar today. Redbook reports sales suffered a -0.4% drop to a 3.0% year-on-year same-store sales rate for the week due to bad weather. ICSC-Goldman, on the other hand, is reporting that, while weekly store sales rose 1.3%, the year-on-year sales rate is only 1.7%, as higher gas prices put more pressure on consumers’ pocketbooks.
~
Dale Franks
Google+ Profile
Twitter Feed
And “Stocks closed sharply lower Tuesday, with the Dow posting its first triple-digit decline in 2012, fueled by fears over a Greek default and amid economic growth concerns. ”
http://www.cnbc.com/id/46639583
But but! last week Wall Street was surging because it was comfortable with the idea that Obama would be re-elected!
“While President Obama may not be Wall Street’s ideal candidate, stock prices are rising on growing expectations
he will be re-elected this November.”
http://www.cnbc.com/id/46556820/Markets_Start_to_Anticipate_Obama_Victory_in_November
————————————————————————
I….I…..I’m SOooooooooo confused!
————————————————————————
None of that is aimed at you Dale, it’s just my marveling at how anyone could have thought that’s what was going on last week, and then actually published it, in the first place.
Pingback: Economic Statistics for 6 Mar 12 | Liberal Whoppers