Thursday, October 23, 2008

U.S. Stocks Decline on Foreclosures, Amazon's Sales Forecast

bloomberg
``Amazon bodes very ill for all those other higher-end and Internet-based retailers,'' said Janna Sampson, co-chief investment officer at Oakbrook Investments LLC in Lisle, Illinois, which manages $1.2 billion. ``The only companies that seem to be holding up well in the retail sector are ones like Wal-Mart and Costco that provide value and necessities.''

No comments: