All the retailers have been spreading themselves too thinly abroad, and now it's time for them to refocus on the areas where they're doing well.
More Quotes from Hilary Cook:
It looks like a strategically good move. These are property and cash-flow assets, and that's why they are worth so much money.Hilary Cook
All this mergers and acquisitions activity is quite extraordinary.
Hilary Cook
Cisco, one of the bellwethers, is going to be out after the close, ... that will be a good indication of corporate health.
Hilary Cook
The global economy is still pretty good. U.S. unemployment down to 4.7 percent is very good. China's still looking bubbly. Unless it goes very pear-shaped on the global front, it doesn't look too bad.
Hilary Cook
There isn't a lot of forward momentum. The market ran a bit too far, too fast last year.
Hilary Cook
There are genuine concerns about economic growth globally, and there's earnings pressure from a lot of places.
Hilary Cook
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