Wednesday, July 14, 2010

Retail Sales disappointing

Retail sales were disappointing Wednesday as stopped the rally early in trading. The DOW has been gaining the past 6 days. Retail sales dropped .5% which is worse than economists had forecast. The weak sales report gives us a real look at how the economy is recovering although .5% doesn't seem too bad but when your talking about big companies like JCPenney and Macy's, it turns out to be a big chunk of money. Let's look for the DOW to go down today but no more than 50 points.

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