Will Thursday's same-store sales figures lift already bruised retailers?
The data will be a telling sign to just how “deep in the weeds” the consumer really is, Jeff Macke said. Friday’s weak jobs report could be a precursor to dismal same-store sales. But remember that it’s the guidance from the retailers that is most important and not the government data, he said.
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Trader disclosure: On Jan 4, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (INTC), (YHOO); Pete Najarian Owns (CSCO), (MSFT); Pete Najarian Owns (AAPL) Options, (NEM) Options, (VLO) Options, (WEN) Options, (YHOO) Options; Jon Najarian Owns (ACI), (AG), (AGU), (BTU), (DE), (DELL), (MON), (MOO), (MOS), (POT), (WEN), (YHOO), (WLP); Jon Najarian Is Short (BSC), (KLAC), (VLO); Charles Schwab Is A Sponsor Of "Fast Money"