Investing because when retailers weak people assume the whole market is weak too. Something again happened with the dow falling 65 points. Yes and nasdaq,. 09 . Not a lot of retail on the nasdaq, therefore trying to figure out what the heck is going on in retail and determine whether its right this group should be having a big impact as a whole. These are two different questions and need to be addressed separately. Lets deal with the proximate cause, the elephant in the room. The very poor numbers from best buy. There was a time when best buy would have absolutely killed that, the kind of shortfall report the this morning, with shares barely down,. 9 . And some softer Gross Margins but not deadly. This shortfall sent best buy down a staggering 10. 74, nearly 29 wasnt just any miss. It was a miss that came on top of a remarkable turnaround. A turn that sucked in analyst after analyst until there was no one left to upgrade. Thats quite a change from the unloved state a little over a year
Investing, because when retail is weak people assume the whole market is weak too. Something that happened again today with the dow falling 65 points. Yes and nasdaq,. 09 . Not a lot of retail on the nasdaq, therefore trying to figure out what the heck is going on in retail and determine whether its right that this group should be having such a big impact as a whole. These are two different questions and they need to be addressed separately. Lets deal with the proximate cause, the elephant in the room. The very poor numbers from best buy. There was a time when best buy would have absolutely killed to have the kind of shortfall reported this morning, with shares barely down,. 9 . And some softer Gross Margins but not deadly. This shortfall sent best buy down a staggering 10. 74, nearly 29 , wasnt just any miss. It was a miss that came on top of a remarkable turnaround. A turn that sucked in analyst after analyst until there was virtually no one left to upgrade. Thats quite a change from
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