“This is a little bit of a retail apocalypse. It was Walmart (on Tuesday) and everybody thought it was a one-off. Now that Target missed earnings (by) a lot more than Walmart even did, they're scared that the consumer is not as strong as everybody thinks."

Dennis Dick, a trader at Las Vegas-based Bright Trading LLC, commenting to Reuters late last week for its report, “Analysis: 'Retail Apocalypse': Wall Street Shaken by Inflation-Induced Earnings Hits.”