Thursday, May 15, 2014

More economic recovery news

Turns out the economy went bad in Q1 because winter unexpectedly struck in the middle of winter. Who coulda guessed?!
RETAIL ROUT: Wal-Mart Stores fell $1.64, or 2 percent, to $77.10. The company reported a 5 percent profit decline in its most recent quarter and warned that things don't look much better this quarter. The company, like many other retailers, blamed harsh winter weather.
Okay, so let's just say for the sake of argument that the bad winter weather did impact sales. Shouldn't the pent up demand lead to a stronger Q2?

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