Wall Street wants its rally...but it needs some "data points" to pull it off.
The Target "basket check" was found wanting...
And maybe Walmart is "just optimistic" about holiday sales...as is the right of every Retailer prior to the SECOND WEEKEND after Thanksgiving... Then the Gloom and Doom sets in per usual.
Still, at Kohl's the current FIFTY PERCENT OFF STORE-WIDE seems to have a gathered crowd. Leave it to Kohls to be the first to jump ship.
Kohl's obviously isn't waiting to see if the consumers will bite at "full price" ...whatever that is nowadays!
Also, this REALLY COLD weather is kicking in with a vengence... And alas, the Winter of our discontent with huge heating bills looms.
With the gas meters spinning like a 78 rpm record...many people may have second thoughts about wild spending sprees, before the FIRST BIG GAS BILL hits the mailbox...
I mean what EXACTLY does a 50% hike in natural gas prices feel like,...or was it 100%...whatever! And the last time I check gasoline was still nicely over $2 per gallon.
Finally, the huge run up in gold looks very suspicious...! Does someone know something?
Gold is acting very strangely...even for someone of my gloomy tendencies. Stay tuned...
