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  • Wave Goodbye To Retail's Monthly Same-Store Sales Reports [View article]
    from walmart's website:
    "The secret of successful retailing is to give your customers what they want. And really, if you think about it from your point of view as a customer, you want everything: a wide assortment of good-quality merchandise; the lowest possible prices; guaranteed satisfaction with what you buy; friendly, knowledgeable service; convenient hours; free parking; a pleasant shopping experience."
    - Sam Walton (1918-1992)

    Sounds like, basically, Sam thought like the Costco CEO who was quoted- take care of your business. Notice that there is no mention of concern re stock prices.....
    Aug 28, 2011. 12:14 AM | 1 Like Like |Link to Comment
  • Nothing New From Bernanke, But Stay Tuned [View article]
    "Keep in mind that before the FOMC meets in September, Obama is expected to make an important economic speech that is anticipated to have additional measures to support the economy. The discussion has focused on three features: 1) extension of the payroll savings tax cut, 2) an public works/infrastructure bank--even if not a new WPA--and 3) mortgage relief through Fannie Mae and Freddie Mac."

    Good luck with that.
    He 'caved' during the deficit limit negotiations and the radicals figure they're in control. It'll be interesting to see how S&P et al rate US debt at after the 'Stupor Committee' deadline in November...
    Aug 28, 2011. 12:03 AM | Likes Like |Link to Comment
  • Bernanke's Vices Continue [View article]
    Since Ben kept on about the Fed's free money is not responsible for the commodity bubble, and Jamie Dimon from poor, suffering, JPM, was whining about how being honest in the derivatives business was gonna cost him - it would have been nice if Bernanke had leaned and forward and said, 'Well, Mr. Dimon, we are considering some changes - like not loaning money to organizations at 1/4 %, when those organizations use those funds to facilitate bubbles in the commodity markets. As an example, could JPM afford to rent supertankers to store oil and keep it off the market, if they had no access to funds at 1/4% per annum? Hmm, Mr. Dimon?'
    Jun 7, 2011. 09:46 PM | 3 Likes Like |Link to Comment
  • Understanding Employment Statistics [View article]
    Perhaps the B/D part dropping is to banks restricting credit for small business loans and to individuals? Besides actual small business loans, a lot of people use their personal credit lines to support starting a small business.
    Jun 15, 2010. 11:43 AM | 1 Like Like |Link to Comment
  • Flashback Friday: Pattern Recognition 101 [View article]
    Saw this article - it matches one of Phil's repeated comments:
    WSJ 06/10 : Wealthy Are the Only Ones Spending
    Jun 11, 2010. 12:30 PM | Likes Like |Link to Comment
  • Whipsaw Wednesday: Tuesday Never Happened - Now What? [View article]
    I thought a 'death cross' was the 50 DMA dropping below the 200. Phil's charts are the short term 20 Vs 50.
    May 26, 2010. 03:06 PM | 2 Likes Like |Link to Comment
  • Thursday Outlook: It's Going to Be a Tricky Day [View article]
    Hey Phil - like this story?
    Cramer: Citi Is Still a Buy
    Published: Thursday, 17 Dec 2009 | 3:50 PM ET
    Cramer during Thursday’s Stop Trading! reiterated his buy call on Citigroup’s secondary shares, urging viewers to “buy the heck out of them.”

    “Citigroup is the ultimate $3 call,” Cramer said, bucking the overwhelmingly negative response to Citi's offering. “I have rarely ever seen an option as good as this one on a turnaround between now and 2012.

    He also chided the government for not selling its stake in Citi [C 3.20 -0.25 (-7.25%) ] when shares were near $5.
    Dec 17, 2009. 04:15 PM | Likes Like |Link to Comment
  • Clunkers and Housing: A Government Subsidized Facade [View article]
    This article started bu quoting Automotive News (which requires a logon) quoting Edmunds. Why not go to the source?
    Edmunds: September on Track to Be Year's Lowest for Car Sales
    There's also an article on dealer profits before, during, and after C2C.
    Sales Drop Pushes Prices Down, Squeezes Dealer Margins
    Sep 21, 2009. 06:01 PM | Likes Like |Link to Comment