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Retail Stocks Are Crashing At The Fastest Pace In Over 4 Years
The S&P Retail Sector ETF is down almost 9% in the last 8 days. That is the fastest collapse in this bellwether industry since August 2011... and it may be about to get a lot worse...
Retail is back to flash crash lows...
Its biggest 8-day drop since August 2011...
And it's about to get a lot worse...
Charts: Bloomberg
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long iodine
Long nailguns.
Next headline: Is the Fed fialing it's market stability mandate?
https://petitions.whitehouse.gov//petition/repeal-1977-amendment-federal...
There goes the Dec rate hike, although given the data, moar easy money ain't going to help this time...
So if all the jobs are in retail or food service, and if retail is crashing, how's the restaurant biz doing?
long johnson (and johnson)
with what money am i expected to buy your overpriced, cheaply made crap?
With the money you got from Albert Edwards' "inflation in real wages".
Soooooooo, BTFD?
You first.
Yes, but are they crashing at the fastest pace since Lehman? That's the real litmus test.
What a fantastic time for Janet to lock in that December rate increase. Her timing is exquisite.
< Putting food on the table
< Buying Chinese Crap for Christmas
Kill two birds w/ one stone:
Putting Chinese food on the table for Christmas.
Problem solved.
I guess you could almost consider it chinese, since they are processing them:
http://ecowatch.com/2014/03/05/usda-chickens-shipped-china/
In news from the home front, Mrs. Rainman appears to have NOT changed her obsessive-compulsive shopping habits one iota.
Buy 10 pairs of shoes, return 9 , keep 1
week after week, year after year
Insane !
+100 LMAO!
Mine USED to find a shirt or blouse she liked and proceed to buy one in every color they made....shoes too.
"I saved you a lot of money today honey..."
Call it charity to society. You're funding the recovery.
Yaaa, yaaaa. Charlie Babbitt. People's Court 4:00pm. Judge Wapner. Yaaa, yaaa.
Had a date. Yaaa, yaaaa. Danced in the elevator. Yaaaa. Yaaaa. We're counting cards. Yaaa, yaaa.
Lock Mrs, Rainman in closet. Take away credit cards. Yaaa, yaaa. Bad! Bad! Yaaaa, yaaa.
Who buys anything? The square root of driving a Honda + the first derivative of learning to do your own repairs = never buying a car again^2
You buy staples: food, condoms, Jack Daniels, Oreo cookies & M&M's. All else is unnecessary.
Save your doobage and wait for Hawaiian real estate to go on the block.
Long cash & puts and short EMs.
Raincoats are #2 in priority I see. Eatin' & bangin' right...?
Gotta eat to live. Can't bang dead.
You need to find a more evironmentally friend woman (or man or whatever you are into). With the right model they will just eat your children - no muss, no fuss.
Do it for the, uh, well, children?
<deleted comment>
wheres Cramer?
Head bobbing in the men's room, stall #4!
Did Ben Carson really try to his his mother in the head with a hammer?
Did Hillary Clinton really try and join the Marine Corps?
Very odd people running for President..
This story would be better if Carson hit Hillary in the head with a hammer and his mother joined the Marine Corps.
The lows of August 24th.....ahhhh, the good 'ol days....
(March 2016 comment from sheep sheared in collapse)
Somebody declare nomoresies.
All is well, just short the VIX and go long tesla
Let's all buy toasters at Macy's then return them the next day.
Wall Street wil just blame on Amazon and Alibaba.
They can kick the can down the road for 1 more year. After that, it's over.
Check out retail XRT headed down 7% to the next bear market lower low and support at 40:
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=xrt&insttype=&freq=2&show=&time=12
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Anybody wondering if the rubes aren't just frontrunning Black Friday for the last few weeks, re: why sales are tanking?
I am.
•?•
V-V