Without a doubt, the ‘next shoe to drop’ is in retail. With unemployment rising, coupled with the ‘credit crunch,’ expect to see wholesale liquidations of some retailers.
If [[M]] is not careful, they could have a big crisis on their hands, like many others.
The companies with big overhead and inventories, like [[SHLD]], [[JCP]], [[KSS]], [[DDS]] and [[TGT]] will get devastated in a recession.
However, at the same time, incredible value will emerge, once the morons who run those companies stop wasting money, via buying back stock, and start closing unprofitable stores.
To me, despite what Cramer says, SHLD seems like the weakest of the pack.If you enjoy the content at iBankCoin, please follow us on Twitter