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I am recommending the sell of the retailing sector. Why? The reason is simple, no one is buying anything right now. When was the last time you heard of a friend, neighbor, or colleague bought a new car? I tell you that it is obvious all over America (if not the world) put discretionary spending on perma hold a couple of weeks ago. You can rest assured that there isn't a retailer in America (even Walmart) that will have a great quarter.

Filed under: Yamana Gold (AUY), Options, Limited Brands (LTD)

Yamana Gold (NYSE: AUY) closed at $11.79. Gold is recently up 0.40% to $1093.70 according to Bloomberg. AUY November option implied volatility is at 60; January is at 59; versus its 26-week average of 59, according to Track Data, suggesting non-directional price movement.

Filed under: Target Corp. (TGT), Kohl's Corp (KSS), Economic data, Limited Brands (LTD)

Consumers are finally spending more, with September posting the first gain in more than a year. The International Council of Shopping Centers and Goldman Sachs (NYSE: GS) found that retail sales inched 0.1% higher last month. It doesn't seem like much, but a gain when you anticipate a fall is good news magnified. But, it came at the expense of great deals and other tools to entice somewhat hesitant customers into stores.

As Limited Brands, Inc. (Public, NYSE:LTD) nears a 52 week high, I'm wondering how high it can go. Check out this business week article about the quiet turnaround at Limited Brands:

Many retailers are still struggling with soft consumer spending, even as signs of an economic recovery emerge. But one specialty retailer, Limited Brands (LTD), which operates about 3,000 stores for women's apparel, lingerie, and personal care and beauty products, is displaying signs of a turnaround, note several analysts.

Filed under: Earnings reports, Hewlett-Packard (HPQ), Home Depot (HD), Target Corp. (TGT), Penney (J.C.) (JCP), Agilent Technologies (A), Sears Holdings (SHLD), Lowe's Cos (LOW), Limited Brands (LTD), Deere and Co (DE), salesforce.com inc (CRM), Trina Solar ADS (TSL)

Here are some highlights from last week's earnings coverage from BloggingStocks: