Goldman Sachs-"consumer is slowing"

Discussion in 'Trading' started by NY_HOOD, Aug 14, 2007.

  1. an analyst at Goldman Sachs(retail) just said the consumer is slowing. between that comment and the Wal Mart call,this has the makings of a bad day. anything can happen though but we know it will be volitile.
  2. S2007S


    Wait they are just saying this NOW...

    HA, this has been the case for months now, once consumer spending slows you can almost guarantee a Recession due to the fact that GDP makes up 2/3 of consumer spending.
  3. Time to short big ticket item retail stocks. My pick is CC.