Just took another look at the Consumer Sentiment Index thanks to U of Michigan via the St Louis Fed, and it is still at historically low levels…

Sep-09 Cons Sentiment

The hunt for income dollars are coming in all areas. As we’ve covered, distressing times are when business models are broken [Hint: Amazon quietly gets into private labels after buying and selling, then charging a commission for its marketplace, now house brands…]

Here’s my bet: Stock market lifts and better #s compared to LY’s melt down will lead to a slightly positive holiday, but capped by unemployment and the lack of credit.

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