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The Dow is sinking again today, down 192 points as of 12:25 PM.
And the retail sector is getting slammed:
American Express is predicting lower spending and more missed payments ahead …
Sears’ profit plummeted as much as 57% in the 4th quarter, and they’re warning of the weakest sales in years …
The Gap, Chico’s FAS, J.C. Penney, Kohl’s and hundreds of other retailers are suffering a sales crash …
Retail stocks are plunging as much as 5% in a single day, and most important …
Insiders are now predicting the weakest retail sales since the S&L crisis hammered them in 1991 — 17 long years ago!
We Told You This Would Happen.
Now It’s Here in Aces and Spades!
Until now, Wall Street pundits shrugged off the impact of the real estate bust and the credit crunch.
They scoffed when we warned it would spread far beyond builders and subprime lenders.
They said “So what?” when the damage spread to major banks, forcing them to write off hundreds of billions of dollars in losses and hammering some banks’ shares — like Citigroup’s, down more than 50% since last May.
And they laughed out loud when we warned that the impact of this crisis would spread beyond developers and constructions companies … beyond subprime lenders … even beyond major banking institutions.
Well, they’re not laughing anymore.
Because the crisis has spread — and retail sales are beginning to dry up faster than a mud puddle in the Sahara.
The nation’s largest retailers first felt the pinch late last year — as one of the weakest holiday seasons in decades took a huge bite out of their sales and profits for 2007.
Now, it’s getting worse. From sea to shining sea, retailers are cancelling expansion plans … closing marginal stores … laying off workers … and a few are even in danger of closing up shop for good.
Now, instead of buoying the economy and stock market, consumers are actually becoming a drag on them.
Yesterday Sears’ and Zales’ Stock
Plunged 5% — in a Single Day!
You know that investors are finally waking up and smelling the coffee when they dump their shares. And that’s precisely what they’re doing now.
Put simply, the investment environment is changing — fast.
Given these disturbing changes, there’s simply no question in my mind that if you continue to invest like you did in 2007, you’re setting yourself up for painful losses — and you will miss out on huge new profit opportunities now on the horizon.
Instead, it’s time to ask — and get answers to — some urgent questions:
Urgent question #1. How will this news impact MY stocks, mutual funds, ETFs and other investments?
Urgent question #2. Which investments in my portfolio are most likely to crater, diminishing my wealth in this troubling new environment?
Urgent question #3. Is the Fed going to go all the way in trying to head off this new phase of the crisis? If so, will it be enough to turn things around? What will be the impact on other markets?
Urgent question #4. How can I use this new environment to go for maximum profits in 2008 without exposing myself to unnecessary risk?
To help give you the answers, we’re hosting an historic online conference exactly one week from now.
| Date: | Tuesday, January 22 |
| Time: | 12 Noon, Eastern Time |
| Cost: | Zero. Click here to register now. |
The title …
“Preview 2008: Major Dangers
And Massive Opportunities Ahead”
At exactly this time next week, we will be conferencing in an intense, one-hour examination of the mega-trends that will drive your investment in the year ahead, and I hope you’re online with us.
We will cover:
The landmines you’ll need to sidestep to keep your wealth intact … and the investments we’re convinced will multiply your money.
And best of all, this landmark, online event won’t cost you a single cent:
Registration Is Free.
But This Is Your Last Week
To Reserve Your Place
There is no cost for attending Preview 2008: Major Dangers and Massive Opportunities Ahead! It’s my New Year’s gift to help you protect yourself and profit.
But this is your last week to reserve your place. So be sure to click here now.
Good luck and God bless!
Martin
About Money and Markets
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Money and Markets (MaM) is published by Weiss Research, Inc. and written by Martin D. Weiss along with Sean Brodrick, Larry Edelson, Michael Larson, Nilus Mattive, Tony Sagami, and Jack Crooks. To avoid conflicts of interest, Weiss Research and its staff do not hold positions in companies recommended in MaM, nor do we accept any compensation for such recommendations. The comments, graphs, forecasts, and indices published in MaM are based upon data whose accuracy is deemed reliable but not guaranteed. Performance returns cited are derived from our best estimates but must be considered hypothetical in as much as we do not track the actual prices investors pay or receive. Regular contributors and staff include John Burke, Amber Dakar, Adam Shafer, Andrea Baumwald, Kristen Adams, Maryellen Murphy, Red Morgan, Jennifer Newman-Amos, Julie Trudeau, and Dinesh Kalera.
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