BBG has just lowered its profit guidance for 2H09. despite the ABS stats that overall retail is holding up well my sense is many retailers are in strife. they are using paper thin margins to try and maintain market share. If this recession continues for many moons9as i suspect it will) then earnings can only end-up going one-way..... down. No other result is possible. BBG sell clothes. JBH sell TVs and stereos. I was fortunate to make a motsa shorting BBG last year. See many posts on BBG thread. Am still short in JBH. DYOR.
