…and you know what? Pretty soon some members here are going to start griping about how they missed the stock market swing just like they’ve been griping about how expensive homes are 🙂 🙂
There no point in fighting the market. It is what it is. If you think the financial markets are crazy here, look at what the chinese and indian stock market have been doing. The chinese market has nearly doubled in the in the past couple of months. That’s what I call a house of cards that can easily topple.
Anyway, you’ll see a pattern of retailers emerge. Those retailers that cater to low income folks (such as walmart) will probably have rougher days ahead. Also, home improvement will probably have rough days ahead…Because frankly, folks in the low income will probably get hit hardest with this inflation and espectially with the simple home-as-a-piggybank evaporates. Those retailers that cater to high income folks will probably have great earnings (Sak, Nordstrom, Tiffany’s etc).
