They must think we are STUPID!!!
Here is the headline tonight:
Wall Street Looks To US Consumers For Direction
Sunday May 11, 5:18 pm ET
By Madlen Read, AP Business Writer This week, investors look to the US consumer for clues about the economy
NEW YORK (AP) -- With millions of stimulus checks going out to taxpayers, Wall Street wants to know where that money will be spent -- and this week's data could help investors gauge the mind-set of the average consumer.
HOW DUMB DO THEY THINK WE ARE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
WE ALREADY KNOW THE DIRECTION YOU FOOLS!!!!!!!!
WalMart told us last week. It expects May same store sales to be up only 0-2%. And that is after the rebate checks and gas and food prices up 30% and more.
0-2% after rebate checks and food and gas inflation like we have never seen before?
Who is kidding who???? On a unit basis, sales are down double digit rates at WalMart. And WMT is the beneficiary of consumer migration from higher priced stores to discounters.
Can you imagine how bad it must be for some retailers? We know that thousands, yes I said THOUSANDS, of stores are shuttering. Just wait until we get the commercial vacancy reports this summer.
Retail is sucking wind. State and Local government revenues are dying. Taxpayer delinquincies rising. Bankruptcies skyrocketing. Layoff announcements exploding. Animal shelters overflowing with abandoned animals from forclosures. Suburban food shelves running out of food.
What more evidence do we need.....a cattle prod being zapped to our genitles....we already tried that overseas and it didn't work. Our kids are still dying for $125 per barrel oil.
Get ready....you have been warned about concentric contraction. Once it starts it only speed up faster and faster. How fast do you want to go? The ride is just beginning!!!!!!!