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Thursday, January 12, 2012

December retail sales rise scant 0.1%

Retail sales in the tanker

Retail spending ex-autos at -0.2% vs 0.3% expected. In other words, a huge miss. I guess all those rosy retail headlines were even more full of it then expected. But hey, a huge miss is a gain in today's "free market". It's not like this data point matters... consumption is only a measly 70% of the economy. Bullish for stocks!


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