This "Fire Sale" has been going on for a while now my friend... Think about the "No Interest, No Payment till 2012!" Retailers like Ashley Furniture and Home Depot, who by the way is one of the Top-Ten Corporations in The United States. You think Apple is struggling, you should see the numbers at Wal-Mart and almost every Big-Box retailer in the World right now..... Wicked inventory levels that even the extremely "smart" CFO's are having trouble concealing in the quarterlies.... This is going to be an unbeilevable holiday season of Major Companies declaring bankruptcy in the face of the Fed's Little to late rate cut.
Ouch.