From RealTrends.com: We have heard from several sources that sales have leveled out in July and August – not improved just not dropping despite the reported annualized sales decline. This is of course good news. Any actual reports that show stability are welcome.
At the risk of being considered a curmudgeon, this news should not cause brokers to open spending spigots. Once you have six months of operating capital available perhaps investing in growth opportunities is a good move but just increasing spending to ease strain, is likely not. Perhaps in the spring. The normal seasonal downturn in cash flows is nearly upon us and it pays to be cautious.
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