You sure the worst is behind us? Even though inventories dropped along with these sales, the inventory to sales ratio continues to rise.Source: Census
HAH!Investing 101 says no two business cycles are the same. Ignoring that, I continue to think our situation now looks a lot like Japan's in the early 1990s.Dec. 1989, Nikkei about 40,000.Oct. 1990, Nikkei about 20,000.Mar. 1991, Nikkei about 27,000.And, of course, Nikkei today: about 9,000.