Why Is No One Bearish About Video Games?

Rick Aristotle Munarriz writes:

"I was on an island, marooned before a nationally televised audience on Friday. But this wasn't a reality show. It was CNBC's Closing Bell.

Kaufman Bros. analyst Todd Mitchell and I were being interviewed by Melissa Francis on the heels of disappointing metrics in the video game market. Marketing research specialist NPD Group announced that hardware and software sales suffered a steep 29% in July, the fifth consecutive month of year-over-year declines.

If this sounds bleak, join the club. Just be warned that it's a pretty lonely group."

Find the rest of the article after the jump.

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