Retail Sales Out 1/14/09

[stock_trad3r]

The all important retial slaes data is out tomorrow.

Importance (A-F): This release merits an A-.
Source: The Census Bureau of the Department of Commerce.
Release Time: 8:30 ET around the 13th of the month (data for one month prior).
Raw Data Available At: http://www.census.gov/svsd/www/advtable.html.
The retail sales report is a measure of the total receipts of retail stores. The changes in retail sales are widely followed as the most timely indicator of broad consumer spending patterns. Retail sales are often viewed ex-autos, as auto sales can move sharply from month-to-month. It is also important to keep an eye on the gas and food components, where changes in sales are often a result of price changes rather than shifting consumer demand.


So will stocks surge, tank, or end the day flat?

 

[xednise]

Quote from stock_trad3r:

The all important retial slaes data is out tomorrow.

Nobody cares about RETAIL SALES at this point, nobody. It's already priced in for the grind to the bottom over the next few weeks. Move on to something else.

 

[stock_trad3r]

Quote from xednise:

Nobody cares about RETAIL SALES at this point, nobody. It's already priced in for the grind to the bottom over the next few weeks. Move on to something else.

Since november 21 the market has been ignoring bad news so it is logical to assume that if the news is better than expected a rally of some sort is expected.

 

[stock_trad3r]

Not bad. Only 2x as bad as expected

"Retail sales were projected to fall 1.2 percent after an originally reported 1.8 percent drop the prior month, according to the median estimate of 78 economists in a Bloomberg News survey. Forecasts ranged from declines of 3.5 percent to 0.3 percent. "

Some were predicting a 3% decline. Excluding gas (which doesnt count) the numbers aren't that bad. We should rally on this news.

 

[Ivanovich]

Quote from stock_trad3r:

Not bad. Only 2x as bad as expected

Ok, that pretty much settles it. Into chit chat this goes.

 

[Ivanovich]

We sure are rallying. Wrong again.

 

[CaptainObvious]

Another great call by the turd. You really should consider starting your own site. You could call it fademytrade.com :eek: :eek: :eek:

 

[stock_trad3r]

I'm not the only one who voted for a big rally.

And two people voted for moderate rally. Given the selling earlier this week and the reduced expections we had all the makings of a solid relief rally today.

 

[xednise]

Quote from xednise:

Nobody cares about RETAIL SALES at this point, nobody. It's already priced in for the grind to the bottom over the next few weeks. Move on to something else.

I sure as hell didn't vote for a rally.

 

[stock_trad3r]

yea a shitty day. Not much more to say.