Obsessed With Oil… ?

Posted: July 14, 2010 in Technology and Business
Am I obsessed with oil?  Guilty as charged.  Why are corporate earnings good but retailers are coming in light?  Oil spiked a few months ago… that immediately hit consumer pocketbooks so they stopped some spending… which immediately hit retailers… which is what they are now reporting on (activity over the last 3 months).
On the other hand, corporation pipelines are a bit longer… say about 6 months or so… so any lightness felt from retailers now would ripple onto corporate P&L over the next few quarters.
Hmmm.  Interesting.
P.S.  Lest we forget:  Happy Bastille Day!

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