patrick.net

When Oil goes up, layoffs spike and the Dow takes a huge massive shit.

I can't recall who keeps saying that. Can you?

Big Box retail gets hit hard again. See SFace? This is what I was talking about buddy. It's not about companies and game plans at this point, it's about a structural shift in how consumers perceive retail. That's how I knew your JCP bet would go down in flames.

It's a little crazy to still see the usual "nitwit!" comments about the economy from our resident cheerleaders to anybody doubting or scrutinizing employment/economic numbers while markets are taking a shit, US treasuries are being dumped by foreigners and the dollar has lost all its strength against Euroland which has its own set of big problems. I remember calling a short on REITs via SRS at $20 (at $17 it would have been supersweet, but nobody can time the market exactly and it's good to get a little confirmation first) a couple of weeks ago. It's now at $23 and rising though it may be prudent to take some profits here as the Fed may not taper at all if the market is going to crap out like this going forward. This may just be a needed correction, but I don't see much upside from here with the misses and revised guidance coming from those bellwethers.

Goran_K says

Big Box retail gets hit hard again. See SFace? This is what I was talking about buddy. It's not about companies and game plans at this point, it's about a structural shift in how consumers perceive retail. That's how I knew your JCP bet would go down in flames.

Congrats on all the money you made shorting jcp

Lol

mell says

It's a little crazy to still see the usual "nitwit!" comments about the economy from our resident cheerleaders to anybody doubting or scrutinizing employment/economic numbers while markets are taking a shit, US treasuries are being dumped by foreigners and the dollar has lost all its strength against Euroland which has its own set of big problems.

It's like I'm in crazy land when I hear the economy is recovering, and things are going back to normal. Normal for where? The Congo?

Job cuts and downward pressure on wages will create unemployed people with spare time to shop for homes, and take some pressure off those in jobs which now pay less, freeing them to devote more energy to flipping houses. Seen from both angles, this is great news for home prices!

errc says

Congrats on all the money you made shorting jcp

Lol

Thanks. Just takes a little bit of logic, and understanding of the market.

Goran_K says

mell says

It's a little crazy to still see the usual "nitwit!" comments about the economy from our resident cheerleaders to anybody doubting or scrutinizing employment/economic numbers while markets are taking a shit, US treasuries are being dumped by foreigners and the dollar has lost all its strength against Euroland which has its own set of big problems.

It's like I'm in crazy land when I hear the economy is recovering, and things are going back to normal. Normal for where? The Congo?

Right, what the hell is going on. Besides all of the data that we are bombarded with, sometimes it is good to take a pulse on the street with the average American. The many I talk to are not feeling much better..............

APOCALYPSEFUCK is Shostakovich says

Amazon will buy JCP for $16 after it's delisted and convert them to catalogue show rooms and massage parlors.

I'm going to buy all the mannequins and just them as targets for a gatling gun.

Analyzer says

Goran_K says

mell says

It's a little crazy to still see the usual "nitwit!" comments about the economy from our resident cheerleaders to anybody doubting or scrutinizing employment/economic numbers while markets are taking a shit, US treasuries are being dumped by foreigners and the dollar has lost all its strength against Euroland which has its own set of big problems.

It's like I'm in crazy land when I hear the economy is recovering, and things are going back to normal. Normal for where? The Congo?

Right, what the hell is going on. Besides all of the data that we are bombarded with, sometimes it is good to take a pulse on the street with the average American. The many I talk to are not feeling much better..............

I agree. My network of friends and family is huge, and everyone is busy as hell these days. Plenty of work to be done, so long as you aren't afraid of it, hence plenty of money to be made. Now I understand our little circle does not a global economy make, but still, from my perch the economy appears to be BOOMing

Every last person I know whose trade is involved in construction

Demolition
Carpentry
Flooring
Drywall
Electrician
Plumbing
Hardscaping
Landscaping
Real estate

Every last one of them that was struggling 08-'10, is back on the job, working saturdays etc.

http://money.cnn.com/2016/08/11/investing/macys-closes-100-stores/index.html

Macy's is closing another 100 stores