James Quinn

A Stairway to Retail Heaven (Part 2)

Most of the people headed toward foreclosure made choices in the last 8 years that led to this point. They bought too much house with too little down. They borrowed against the equity to live a "better" life. They didn't save an emergency fund to use in case of emergencies. They must accept the consequences of their actions. That is capitalism. if you want socialism move to Sweden.

My tax dollars are not their emergency fund!!!!


On Mar 05 12:35 PM InjunTrouble wrote:

> Preventing foreclosures and keeping people in their houses is not
> the same as providing the staircase to heaven or any shopping spree.

A Stairway to Retail Heaven (Part 2)

BBY will survive. They aren't overleveraged and their biggest competitor just went belly up.


On Mar 04 01:01 PM billddrummer wrote:

> Excellent article, and worth reading by every retail executive in
> the US.
>
> Your chart excluded BBY. Where does that company fall, in your estimation?
>
>
> It's true that the business is operating in the consumer discretionary
> category, but it's also true that it's the best of breed in that
> category. If BBY scales back its store opening plans for fiscal 2010,
> restructures to wring out costs, and maintains itself without expecting
> strong growth, I think it will do fine.
>
> On the other hand, with the macroeconomic impacts you so brilliantly
> outlined, if the company fails to respond to them, the future could
> be grim indeed.
>
> Thank you again for a great post.

A Stairway to Retail Heaven (Part 2)

Buy retailers hand over foot if you are so sure.


On Mar 04 03:23 PM raytayzmd wrote:

> ..."the American consumer isn’t coming back" -- oh, cut me some slack!...the
> American consumer hasn't gone away -- he's just waiting...for deals,
> bargains, etc...for all the doom and gloom in the retail marketplace,
> I haven't found much in the way of price-cutting...for example, I
> went shopping for cars...what claimed to be "deals" on autos, upon
> closer inspection, looked more like "scams" -- take a 10,000 car,
> double the price, offer an "incentive" of $4000...I looked at computers
> -- Dell's and Hewlett-Packard prices don't look much different than
> they did a year ago; in fact, Dell a year ago was giving much better
> deals...housing?...7-8 years ago, $50 a square foot could buy you
> a pretty decent house; nowadays, tenements cost a $100 a square foot...when
> prices finally start catching up with the stock market, I suspect
> consumers will start migrating back...

A Stairway to Retail Heaven (Part 2)

What world are you living in? You really beleive people were borrowing the equity in their house to pay insurance. Do you work in the Obama Whitehouse?


On Mar 04 03:20 PM donzelion wrote:

> Yes, Americans bought their share of monster-sized HD TVs in the
> last few years. But relatively few broke their backs on such extravagances.
> Most new spending went to health care and education - such spend
> thrift sensibilities! Most of the credit card debt is either roll-overs
> from folks without insurance after a disaster, accident, sickness,
> or other crisis; a fair number of the heaviest borrowers borrowed
> tens of thousands to make sure that their relatives could get proper
> treatment.
>
> The "mean" days ahead will be of a sort where people look at spending
> and saving and have to decide whether grandma or grandpa ought to
> go quietly into that good night, rather than putting every last dime
> on the line to keep tickers going. The bloated BMW driving iPod wielding
> hyper-yuppie house flipper is as real a story as the welfare queens
> of the 80s or the any number of other mythic stereotypes get wrongfully
> blamed whenever a downturn hits.

A Stairway to Retail Heaven (Part 2)

What's your point anarchist? I consumed less than I produced and saved the difference. Must be a strange concept to an idiot like yourself.


On Mar 04 01:35 PM anarchist wrote:

> yeah, so you didn't consume and your pissed because a few who did
> will get a helping hand. What the hell did you do for "for a good
> time" all those years James, count your money?

A Stairway to Retail Heaven (Part 2)

I suggest you pile into retail stocks to prove me wrong. Nice Mercedes. You must be a really good trader.


On Mar 04 01:07 PM Paul&Shark Yachting wrote:

> the more charts. the more confusing, I know contraryinvestor website,
> whenever I seen it like 10 years ago they are always bears, if I
> would go short on their advise, I would lose 100 trillion $$$£££.
>
> This sickos are always bearish, Dow 1000 bearish, Dow 100, bearish,
> nuts.