Retail Stocks Took A Beating!

Not trying to scare anyone, but retail stocks took a beating this morning, falling more than 4.6% within the first half hour of trading as economic concerns and the global credit crisis persisted despite the Treasury Department’s new authority to spend up to $700 billion to bail out banks.

The Standard & Poor’s Retail Index fell 15.14 points to 316.69 by 10:20 a.m., as the Dow Jones Industrial Average tumbled below the 10,000 mark, falling 5.3 percent, or 545 points, to 9,780.35, after just more than an hour of activity.

The day's not over yet! So I'm just going to be an optimist and say the market still has time to correct itself.

"Miracles happen every day. Not just in remote country villages or at holy sites halfway across the globe, but here in our own lives."---Deepak Chopora

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