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  • rcpatrick5443
    , contributor
    Comments (723) | Send Message
    Dick's Sporting Goods may have mostly itself (rather than U.S. economics and weather) to blame for disappointing quarterly results. In my visits last summer in suburban Boston, three stores were understaffed and dysfunctional. You would think that in the ultra-competitive athletic equipment business, ensuring that customers enjoyed an effective and cordial shopping experience would be crucial. I watched potential customers wait 40 minutes for someone to wait on them in one store -- where there were no clerks in sight -- before giving up in disgust. The store manager, handling the only cashier's lane, resented my comment that the store seemed to be turning people away in moods that made it unlikely that they would shop there again.
    20 May, 10:25 AM Reply Like
  • tjn6175
    , contributor
    Comments (32) | Send Message
    Russell testing again. If it breaks, look out below! Intermediate treasury prices higher than long term for second day in a row during the intraday. Looks like a duration play vs safe haven vs interest rates, in favor of the 7-10 intermediates. Nothing wrong with that imo, especially since the fed has no near term plans for rate hikes. See what panic and speculation comes from tomorrow's minutes.
    20 May, 11:03 AM Reply Like
  • tjn6175
    , contributor
    Comments (32) | Send Message
    So let me see if I have this right. About a year ago, taper rumors sent the long term treasury prices down over 15%. So today, Plosser says maybe the taper is too slow a pace if the economy performs as they expect. Is that what caused the market to abruptly sell off over lunch eastern time, and treasuries to abruptly rise? Last summer they sold off. Today they are being bought. But for the same reason? Can't wait for the story line on that move.
    20 May, 12:51 PM Reply Like
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