Sears Profits Tumble

48%

is the amount that Sears profits fell in the 4th quarter. That's really bad, not as bad as McCain not being a naturalized U.S. citizen, but bad.

In a puzzling pep-talk letter to shareholders on Thursday, Sears’ chairman Edward Lampert likened himself to Eli Manning, the once-maligned quarterback of the New York Giants, this year’s Super Bowl champions. Mr Manning, a common figure in the sports pages, may be startled to read his name in the financial press. And Mr Lampert may have sparked more vitriol than vigour in making the comparison. -- Financial Times

Yeah... right. I am thinking somebody is going to be "leaving the field" pretty soon.

But don't worry, the economy is going swimmingly.

UPDATE: Maybe if Sears still sold cool clothes like this, they would be doing better.