Optimistic Sign #5: Retail sales bottoming?

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Retail Sales statistics for the month of February were released this morning, and they are down only 0.1%.  Just as important, the January number was revised up (1.8% growth from the original 1.0% growth).  Some sectors were better than others, and car sales were among the worst.

This relatively stable statistic--still subject to revision of course--suggests that some of the fear we saw in the last few months of 2008 may be starting to subside.