{"id":83416,"date":"2009-12-15T10:40:00","date_gmt":"2009-12-15T15:40:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/the-christmas-retail-rally-could-be-toast-2009-12"},"modified":"2009-12-15T10:40:00","modified_gmt":"2009-12-15T15:40:00","slug":"the-christmas-retail-rally-could-be-toast","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/83416","title":{"rendered":"The Christmas Retail Rally Could Be Toast"},"content":{"rendered":"<div style=\"float: left; padding: 15px 15px 15px 0;\">\n<script type=\"text\/javascript\">\/\/ <![CDATA[\ntweetmeme_source = 'moneygame'; tweetmeme_service = 'bit.ly';\n\/\/ ]]><\/script><br \/>\n<script src=\"http:\/\/tweetmeme.com\/i\/scripts\/button.js\" type=\"text\/javascript\"><\/script>\n<\/div>\n<p>Shown below is a retail proxy, the Retail HLDRs Exchange Traded Fund (RTH). It&#8217;s outperformed the S&amp;P500 on a three month basis. Yet Best Buy&#8217;s (BBY) warning today, that revenue will be driven by lower-ticket items in the fourth quarter, could mean that the pre-Christmas retail rally shown below is toast.<\/p>\n<p>Note how Best Buy dropped a nasty 7% on just <a href=\"http:\/\/www.businessinsider.com\/best-buy-tanking-7-2009-12\">these decent earnings<\/a>. A lot of holiday cheer is already priced-in.<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/~~\/f?id=4b27ab3a000000000064bc5f&amp;maxX=500\" border=\"0\" alt=\"bby\" width=\"500\" \/><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/the-christmas-retail-rally-could-be-toast-2009-12#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/best-buy-tanking-7-2009-12\">Best Buy Sees A Stingy Consumer This Christmas (BBY)<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/business-news\/dec-09-natori1-2009-12\">Why The Tough November For Retail Doesn&#8217;t Mean A Bad December<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/after-lackluster-november-holiday-sales-are-shaping-up-to-be-a-complete-disaster-2009-12\">November To December Retail Sales Dropoff Is Worse Than In 2008<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/zTtlw9daESg\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shown below is a retail proxy, the Retail HLDRs Exchange Traded Fund (RTH). It&#8217;s outperformed the S&amp;P500 on a three month basis. Yet Best Buy&#8217;s (BBY) warning today, that revenue will be driven by lower-ticket items in the fourth quarter, could mean that the pre-Christmas retail rally shown below is toast. Note how Best Buy [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-83416","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/83416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=83416"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/83416\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=83416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=83416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=83416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}