Reatils Hit Hard, Dow and Nasdaq Retreat
Retailers were hit hard due to Target’s lower forecast for November. They are mainly blaming Walmart’s aggressive advertising and price cuts. At the same time, Target was hit by a downgrade to sell. The market could not overcome the negativity at the same time preoccupying over the conformation hearing for Ben Bernanke.
Today we will watch the CPI number. Any signs of serious inflation will cause the stocks to fall.
It's not when you buy. It's when you sell!
