Sunday, January 4, 2009

Alert: Retail Sales Numbers Thursday

On Thursday, most major retailers will be reporting their sales for the month of December.

While numbers were down through Christmas, some of that could have been made up by the fact that Christmas fell on a Thursday, thus there was a large long weekend lead-in shopping window of Friday, Saturday and Sunday.

My guess is that there will be more of a chance for upside surprises, then downside, given that we are in a period of movement toward the consumption-savings ratio moving in favor of consumption.

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