Fundamentals: bad. Economic data: bad. ...Must be time to buy!
With fundamentals for the retail sector and macro economic data weakening over the past few months, UBS is lowering its earnings forecasts and price targets for many of retailers consistent with a “2008 recession scenario.”
But it is not all doom and gloom. In fact UBS said at the same time it is “turning more upbeat towards prospects [...]
http://feeds.feedburner.com/~r/reuters/blogs/shop-talk/~3/218951593/