Japan’s Retail Sales Unexpectedly Rise
http://www.bloomberg...-rise-1-1-.html
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Since the tsunami; have any reports been disappointing? I don't know of any. It just sounds too good to be true.
Japan’s Retail Sales Unexpectedly Rise
Started by
Dex
, Jul 27 2011 08:46 PM
3 replies to this topic
#1
Dex
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Posted 27 July 2011 - 08:46 PM
"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
17_16
17_16
#2
qqqqtrdr
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Posted 27 July 2011 - 09:20 PM
No guys.... The US has slowed slightly over last quarter, but overall the spending in Tech is strong with many good electronic products coming down the pike over the next 5 years... I personally do not think this is 2008 all over again..... Companies are streamlined for the most part to make profits...
Right now we are testing 1300 support on the S&P given the high TRIN, I think we are ready to bounce here and are oversold..... We shall see tomorrow...
Barry
#3
dasein
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Posted 28 July 2011 - 04:47 AM
OK
factor 1 - they had a tsunami and many cars, houses and their contents were destroyed - people have to buy new stuff.
factor 2 - it is very hot and people are buying a lot of cool drinks when they are not at home, pretty reasonable.
factor 3 - they have to buy a new TV or they will be without TV - this is important to a lot of people, so like it or not, they will buy a new TV.
3 one off factors, let's see what happens next reporting period!
As to the economists who were surprised - ain't that par for the course!
best,
klh
klh
#4
dasein
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