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Check Out Line: 2009 doesn’t look that great, either

Started by calm_girl, July 09, 2008, 11:42:14 PM

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calm_girl

Check Out Line: 2009 doesn't look that great, either
      


Check out what Morgan Stanley is saying about retailers and restaurant owners.
 
It isn’t good. Morgan Stanley is cutting its 2009 earnings estimates and price targets, saying its retail sales lead indicator dropped 1.1 percentage points in June, and the key reasons — home prices, unemployment and food and fuel inflation — are not likely to [...]
         

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