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DUMP HD & LOW
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Masco Corp., MAS has reported lower sales. Thier profit line droped dispite the effort of raising prices. With HD and LOW two of thier best custumers it only makes sense that sales are also sluggish at the two giant retailers. Thier future guidence also lowered for the next quarter. The builders are nearly at a stand still right now and with lay offs high it dosen't look like the home builders can help them. Thats the real bread and butter behind Lowes and Home Depot. Then Americans largest indivdual investment, thier homes, being devalued and unable to tap into that investment for income. All a product of the housing bubble popping. It does not look like homeowners will be making as many weekend trips to the do it yourselfers shopping choice. So. if raising prices can't do it and custumers don't have the spendable cash to lift sales, that sure sounds like the word the Fed cannot say or seem to do anything about. Is it not inevitable that they cannot stop something that has ultimitly already happened. Is it not this administrations steady ignoring of something that will not go away, then throw money at it, thier way of handling things. Look out Bernanke if Pres. Bush puts his arm around you and says your doing a heck of a job, your probably next to go. Caution : this blog is facts mixed with opinion, not to be taken too seriously. As always good luck and congrats to the leaders. Timeismoney
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