Friday, March 27, 2009

Retail stocks suggest worst is over for consumer spending

The S&P Retail SPDR has definitely turn up. It's a leading indicator and portends better retail sales numbers in the coming months. This is good news for the economy and the markets overall.

1 comment:

googleheim said...

this analysis just proves again that the overhyped bull market was just as overhyped as a bear market.

everyone should have been buying in increments starting last December according to the chart.