Rocketing store shares prompted open-jawed amazement on the part of some analysts, who are convinced the market has got ahead of itself.Fresh back from his holidays, Pali’s Nick Bubb clocked the “astonishing” surge of the past few weeks but maintained his bear stance.“Green shoots can quickly shrivel and we are sticking with our cautious view of the outlook,” he said. “The next move in the general retailers will surely be down, although the short-term tone will be set by the rea
17 April 2009
Brokers unmoved by surging retail stocks
Rocketing store shares prompted open-jawed amazement on the part of some analysts, who are convinced the market has got ahead of itself.Fresh back from his holidays, Pali’s Nick Bubb clocked the “astonishing” surge of the past few weeks but maintained his bear stance.“Green shoots can quickly shrivel and we are sticking with our cautious view of the outlook,” he said. “The next move in the general retailers will surely be down, although the short-term tone will be set by the rea
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