Short the Retail Sector to Profit from Empty Malls
Sep 15th, 2008 | By Adam Lass | Category: Featured, Financial NewsCrude oil prices fell below $100 a barrel today on the back of the collapse of Lehman Brothers (NYSE:LEH).
The decline of oil since July has provided some relief to US drivers, and some analysts hope this trend will help revive consumption and retail sales.
Wave Strength Options Weekly editor Adam Lass disagrees. He says rising unemployment and record foreclosures are forcing households to tighten the purse strings - and a small saving on gas prices isn’t going to change that anytime soon.
This is why Adam says investors should continue to short the retail sector.