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Tag: March
RETAIL SALES SUCK THE BIG ONE AGAIN
So on-line sales FELL in March versus February. Was it the weather? The MSM pundits and Wall Street shyster economists have used weather as the excuse for the avalanche of horrific data pouring in since November of last year. Of course this winter was warmer than normal and far warmer than last year’s Polar Vortex winter of discontent. But we all know facts are meaningless when you have a storyline to peddle and stocks to sell to muppets.
If the weather was so dreadful, wouldn’t on-line sales benefit greatly? Why would internet sales fall versus February and only rise 3.9% versus last year. Why would internet sales only rise by 4.5% in the first 3 months if the consumer is back, jobs are plentiful and consumer confidence is at 7 year highs? Declining internet sales surely bodes well for Amazon and its $385 price and PE ratio of infinity.
