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Filed under: Wal-Mart (WMT), Newsletters, Bargain stocks, Stocks to Buy

When the Bureau of Economic Research declared that the recession had officially begun in December 2007, the entire retail sector shrugged its shoulders and said, "No kidding."

Shares of companies that deal directly with the consumer, except for the deep discount retailers, have known for some time that the economy was struggling. Sales have been declining steadily and, with the deteriorating operating environment, shares of the retail stocks have been absolutely crushed.

Filed under: Forecasts, Apple Inc (AAPL), Dell (DELL), General Electric (GE), Wal-Mart (WMT), Home Depot (HD), Altria Group (MO), Commodities, Stocks to Buy, Burlington Northern Santa Fe (BNI)

It's a proven not-going-to-work business. The store is a mess. Should be clear after this holiday season. Risk is a management buyout (god bless the moronic CEO)...

Never underestimate the power of the Force. Overstock's (OSTK) Jedi Knight CEO Patrick Byrne is having a wonderful morning. OSTK shares are up 22% thanks to First Albany Capital analyst William Lennan, who raised his rating on the company from "sell" to "neutral". Byrne said after another crap conference call yesterday that "fourth quarter was a difficult end to a tough rebuilding year," putting the blame on lower website traffic and conversion rates. Overstock.com has reduced its headcount and terminated expensive computer facility leases to cut expenses.