Punk Retail Sales

Same store sales numbers released today were disappointing. Comps will only be getting tougher for the remainder of the year. Is now a good time to ask why so many consumer discretionary names are trading at well over twenty time forward numbers? It now looks like the move in retail was just a massive short squeeze and not the return of the US consumer.

1 comment:

Onlooker said...

Say it isn't so! How could this be? :-]

Might be a good short after a bounce, eh?