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“Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.†– Peter Lynch
I guess Amazon really did help kill all the retail bookstores. People would go browse in the stores, and then buy off Amazon for less.
Maybe that will happen with other retail stores.
It wont happen overnight but as online distributors of prescription drugs continue to grow, places like CVS operate as nothing more than glorified liquor stores since the majority of their inventory can be found on Amazon.
I think their downfall is inevitable and they are currently way overvalued.
Strategist
2017 Mar 6, 8:56am
I was wondering what your thoughts were in terms of profiting from the downturn of the stock market/economy that is looming.
The downturn has been looming for the last 8 years. Don't count on it anytime soon.
I was wondering what your thoughts were in terms of profiting from the downturn of the stock market/economy that is looming.
The downturn has been looming for the last 8 years. Don't count on it anytime soon.
How can it have been looming for 8 years when the bottom was 8 years ago?
Right now stocks like CVS are at double what their peaks were prior to the 2008 downturn.
Strategist
2017 Mar 6, 9:07am
I was wondering what your thoughts were in terms of profiting from the downturn of the stock market/economy that is looming.
The downturn has been looming for the last 8 years. Don't count on it anytime soon.
How can it have been looming for 8 years when the bottom was 8 years ago?
The sluggish economy is finally gaining confidence. The stocks are merely anticipating a full recovery. We could have a correction when the economy actually takes off.
Retail with it's present business model has no future. Technology is gaining pace, and it won't be long before Amazon brings the buying experience that retailers like Best Buy currently have.
CVS looks pretty solid to me, with a p/e of 16 and dividend of 2.5%.
The future could change alot...
Patrick
2017 Mar 6, 5:40pm
Target doesn't seem down all that much, still within the range of noise. If you take the really long view, still looks pretty good.
Target doesn't seem down all that much, still within the range of noise. If you take the really long view, still looks pretty good.
It's all perspective I suppose. If you take the really long view on a high percentage of stocks they all look pretty good these days.
I guess there's only one way to find out who is wrong or right in the near term... I'll buy some short term and mid term put options for a number of retailers and see how it pans out.
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Hi @patrick,
I was wondering what your thoughts were in terms of profiting from the downturn of the stock market/economy that is looming. I'm extremely bearish on all retail (especially retail stores in which more than 80% of their goods can be found on Amazon for cheaper). I feel like buying put options might provide some decent value if timed properly.
Thoughts?