Retails sales for November have been revised downward, and retail sales for December were also worse than anticipated, reflecting an even worse scenario than analysts had expected. Retail sales for December were down 2.7%. Chain store sales were down a staggering 9.8%, the largest drop on record. Does the bad news never end? Stock futures are reflecting the dour news. Folks, we may yet again test the lows from last November! Key support on the S&P 500 is around 850.Here is a good summary by Marketwatch.
