LONGING THE DOW + FTSE = MASSIVE RALLY AHEAD-part 6(into the new year)

Mike/Dil,

That the last thing we need the Welsh Mafia ganging up.

When the national figurehead of discount retailing filess for bankruptcy Joe Public is not going to be that keen to buy stocks.


Added to that is the thought if they can't afford to shop at the cheapest store in town, do they really have any disposable income at all.

Retail stocks ($RLX: news, chart, profile) declined as Kmart (KM: news, chart, profile) tumbled 13.2 percent after Prudential Securities lowered its rating on the discount retailer to a "sell" from a "hold." Prudential cited "below plan" sales in December, which it believes will lead to an increasingly tight cash flow situation. Prudential also said it would not be surprised if Kmart were to file for Chapter 11 bankruptcy protection should operating trends not improve in the first half of 2002. The firm lowered its fourth-quarter, 2001 and 2002 estimates on the company. Dow stock Wal-Mart tallied a gain of 0.9 percent and Target lost 0.1 percent. Check retail sector story.