Ahh yes, a good caution. But some of us believe that the best indicator of the economic future is the six-month predictor of the stock market.
And July 2009 was the strongest July in decades for the stock market. You saw that?!
So, to us, that fact should bolster the optimism of retailers for this holiday season. It's the cause-effect, cause-effect cycle: the stronger stock market leads to improved consumer confidence; consumer confidence drives consumer spending, which should jump up smartly in December-January (six months after the strongest July in decades.)
That's our view. What's yours? (And, shall we save a date in December for lunch?)
