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Bet on the consumer to lead the recovery |
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NEW YORK (CNNMoney.com) , Date : Mar 24 2010 12:00AM |
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For those who expect a brutal jobs market and a nervous consumer to threaten the economic recovery this year, a rally in the retail sector is a surprising bright spot.
Even with the market's most recent run up, the Dow Jones industrial average has gained a modest 3% year to date, while the S&P 500 is up just 4% and the Nasdaq composite has risen a mere 4.6%.
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