Over the last few years, intrinsic financial returns are up across the board and simplistic valuations have been halved. This particular group has rallied double digits over the past month. Coinciding with the growing belief that the Fed has found the holy soft landing grail. Putting this in perspective, Yahoo and Ariba had one day runs totaling almost as much on their last earning reports. Only so many dollars will be allowed into the theater to see the homebuilders stock rally if it begins in earnest.
Seats are limited.
We're not saying it's a guarantee of being an investment money flow recipient, but the retailers should act better in a stable interest rate environment. At this stage of the game, a resurgent stock market may be the very catalyst. Monday's personal spending numbers pretty much say it all. Consumers aren't on fire, but they are out there spending. It remains to be seen, but, once again, the stocks may anticipate such a scenario.