Posted on 02/09/2010 8:16:20 AM PST by tobyhill
So if I am reading the tea leaves correctly, we had an inventory rally but the shelves were only partially restocked. That is really bullish (sarcasm alert). Folks, we will have to wait until the nazis are eliminated in November to start seeing any real optimism from consumers.
Yeah, and the only reason they “partially re-stocked” was for the Christmas buying season, but that was enough to increase GDP by 5.7%? BS, in that case we should all overspend again for valentines and then again for easter and then our economy should be rockin’ right?
I think we may be hitting bottom on the recession. I don’t know if we will be coming up any time soon, though. While I was at the local Wal Mart to get valentines for the kids, the ‘seasonal’ aisle had half of one side stocked with valentine stuff, last year it had both sides end to end. They were out of candy hearts, for example. I think the stores are discovering the new ‘bottom’ level of what they can actually get rid of without being stuck with a lot of unsold stuff.
Amazing how when faced with a pink slip, people will actually WORK.
unexpected....DRINK!
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