The Consumer Feels the Fear of the Cliff
Was today the day when it dawned on people that without a deal, the consumer could be in real trouble? Was today the day when it hit the market that the regular guy is concerned?
I have to tell you that the comments from Wal-Mart (WMT), on top of the comments from Dollar General (DG) yesterday about gross margins, tell me that the everyday person is now starting to figure out he has to be worried, even if he is not sure exactly what it is that he is supposed to be worried about. He knows we have a big budget deficit. He knows, like he knew when the debt-ceiling crisis occurred, that something bad is going to happen, and he knows that it might be something bad happening to him....253 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.
