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Why are all these stores closing nation wide, if the stock market is up and things are peachy?

 
Anonymous Coward
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02/03/2013 05:10 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
I thought the stock market was up, and things were peachy and every one was loving higher taxes, obamacare, a collapsing dollar, and millions leaving the work force?


By: Douglas A. McIntyre, Samuel Weigley, Alexander E.M. Hess and Michael B. Sauter | 24/7 Wall St – Fri, Feb 1, 2013 12:50 PM EST


Best Buy


> Forecast store closings: 200 to 250
> Number of U.S. stores:1,056
> One-year stock performance: -36.8%

Sears Holding Corp.

> Forecast store closings: Kmart 175 to 225, Sears 100 to 125
> Number of U.S. stores: 2,118
> One-year stock performance: 8.8%

J.C. Penney


> Forecast store closings: 300 to 350
> Number of U.S. stores: 1,100
> One-year stock performance: -53.6%

Office Depot


> Forecast store closings: 125 to 150
> Number of U.S. stores: 1,114
> One-year stock performance: 50.7%

Barnes & Noble

> Forecast store closings: 190 to 240, per company comments
> Number of U.S. stores: 689
> One-year stock performance: 8.95%

Gamestop

> Forecast store closings: 500 to 600
> Number of U.S. stores: 4,471
> One-year stock performance: -2.2%

OfficeMax

> Forecast store closings: 150 to 175
> Number of U.S. stores: 872
> One-year stock performance: 80.8%

RadioShack

> Forecast store closings: 450 to 550
> Number of U.S. stores: 4,412
> One-year stock performance: -68.1%

[link to finance.yahoo.com]
 Quoting: GodFrequency


clappa
Anonymous Coward
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02/03/2013 05:12 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
Anyone who thinks that real life zombies are nothing more than the imagination of an author or an hollyweird script writer, really has never read Rev. 9:6
 Quoting: tcs 31194169


So just from an earlier script writer then, no more believable.

Only in America would they name a store after a blow job, I mean come on, BJ's? Really?

Next you'll be naming one after licking someone's bum. Oh yeah you already have Rim dont you the company behind Blackberry.
krosty

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02/03/2013 05:17 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
Capitalism is an ancient system. Collectivism will replace this mess.
Anonymous Coward
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02/03/2013 05:19 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
Capitalism is an ancient system. Collectivism will replace this mess.
 Quoting: krosty


Not while monarchy is still alive.
krosty

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02/03/2013 05:33 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
Capitalism is an ancient system. Collectivism will replace this mess.
 Quoting: krosty


Not while monarchy is still alive.
 Quoting: Anonymous Coward 27243460


Which is where anarcho-collectivism takes place.
Anonymous Coward
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02/03/2013 05:34 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
Consumers have seen their paychecks reduced 2% due to Social Security in addition to seeing their insurance premiums going up.

So consumers have far less money to spend. Which means those stores you've mentioned are taking a big hit.

Their employees are unlikely to find a job in retail, so they will collect unemployment and go on food stamps.

The initial closures are likely to lead to a spiral of future closures, including restaurants, hair stylists, shoe stores, jewelry stores, movie theaters, etc.

2013 will make 2012 look like a boom year.
 Quoting: Brightwinger


yeah tell that too Ca gov J. Brown... where he was crowing that Ca is in the clear now from all these high taxes we've been paying... don't have money to buy things
Anonymous Coward
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02/03/2013 05:38 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
Capitalism is an ancient system. Collectivism will replace this mess.
 Quoting: krosty


Not while monarchy is still alive.
 Quoting: Anonymous Coward 27243460


Which is where anarcho-collectivism takes place.
 Quoting: krosty


or total serfdom, which is where we're headed currently.
krosty

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02/03/2013 05:39 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
Capitalism is an ancient system. Collectivism will replace this mess.
 Quoting: krosty


Not while monarchy is still alive.
 Quoting: Anonymous Coward 27243460


Which is where anarcho-collectivism takes place.
 Quoting: krosty


or total serfdom, which is where we're headed currently.
 Quoting: Anonymous Coward 27243460


Your choice.
PhilippinoBob

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Philippines
02/03/2013 05:48 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
MARKETS ARE TOTALLY RIGGED!
YOU HAVE NO IDEA WHAT THEY ARE PREPARING... ONCE YOU FIND OUT, IT WILL BE TOO LATE.
PhilippinoBob
Anonymous Coward
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02/03/2013 05:49 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
not rigged. gamed, but not rigged.
nutmeg

User ID: 32898527
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02/03/2013 06:11 AM

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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
Anyone who thinks that real life zombies are nothing more than the imagination of an author or an hollyweird script writer, really has never read Rev. 9:6
 Quoting: tcs 31194169


So just from an earlier script writer then, no more believable.

Only in America would they name a store after a blow job, I mean come on, BJ's? Really?

Next you'll be naming one after licking someone's bum. Oh yeah you already have Rim dont you the company behind Blackberry.
 Quoting: Anonymous Coward 12546839


Someone has a sense of humor?
[link to en.wikipedia.org]
Anonymous Coward
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02/03/2013 06:13 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
Stores closing and laying off means cutting the fat which can increase the value of a stock.

Wall Street is a speculative game and less based on the PE ratio now than ever. Big players and hedge funds with their instant electronic trading runs the show now. They can make big money when stocks are crashing buying puts so it doesn't matter if the market is going up or down there is money to be made if you are a big player.

Main street is headed for a depression and the common man will feel the sting all too soon.
Anonymous Coward
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02/03/2013 06:19 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
I mistakenly thought Romney would win and there would be a bounce so I dived in to the market right before the election. I took a hit and had to stay in to recover my loss but now I've made that bounce anyway. I'm going to jump out again before the bottom falls out but I think a lot of people are just going into the market because so much money is sitting on the sidelines and they feel the need to invest again. Interest rates are stupid low so bonds can't even hope to keep pace with inflation. My two pennies anyway...
 Quoting: Anonymous Coward 1277109


You are wise. This is called a sucker's rally.
The sheep are about to get sheared. Just watch.
PhilippinoBob

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Philippines
02/03/2013 06:30 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
This rally will last much longer than people expect.
The market MUST be "credible" for another 2 years. It will be only in mid 2015 that they'll crash the markets... BIG TIME.
The problem is; that will be the FINAL CRASH! No more recovery!
NWO after that.
That information is easily verifiable by doing a technical analysis of $SPX.
PhilippinoBob
American Sith: Darth Shillerus

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02/03/2013 06:31 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
Very good catch, OP! Try showing these figures to an Obama supporter! My wife works with a lady that constantly extols how wonderful things are now that we don't have that 'retarded bastard' Bush in the White House.

My wife will bring up the unemployment, the cost of gas, the Quantitative Easing, and other issues and the woman responds with what we have come to call 'Obama facts'.

She will tell you: Obama got Bin Laden. He stopped the job losses. He got the stock market back.

Of course, if she explains to said half-wit that if a patient bleeds out and we replace the blood with water, how long can the patient survive?

The lady has no answer, ever. She just continues banging her pot for the Caramel Commander.
(GLP aka American Jedi)

Listen here you beautiful bitch, I'm about to fuck you up with some truth.
Kenny Powers

If you steal the dreams of others long enough, sooner or later you'll end up in a nightmare.
American Jedi

Intellectuals solve problems, geniuses prevent them.
Albert Einstein

Satis Eloquentiae, Sapientiae Parum....

"The last of the old?"

"No, the first of the new."
Anonymous Coward
User ID: 12546839
United Kingdom
02/03/2013 06:41 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
Very good catch, OP! Try showing these figures to an Obama supporter! My wife works with a lady that constantly extols how wonderful things are now that we don't have that 'retarded bastard' Bush in the White House.

My wife will bring up the unemployment, the cost of gas, the Quantitative Easing, and other issues and the woman responds with what we have come to call 'Obama facts'.

She will tell you: Obama got Bin Laden. He stopped the job losses. He got the stock market back.

Of course, if she explains to said half-wit that if a patient bleeds out and we replace the blood with water, how long can the patient survive?

The lady has no answer, ever. She just continues banging her pot for the Caramel Commander.
 Quoting: American Sith: Darth Shillerus


Is it better to be awake and find there's nothing you can do about what's going on anyway? Or to be completely asleep and happy?

There's a reason people want to stay plugged into the matrix.
Anonymous Coward
User ID: 18379115
Philippines
02/03/2013 06:46 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
I mistakenly thought Romney would win and there would be a bounce so I dived in to the market right before the election. I took a hit and had to stay in to recover my loss but now I've made that bounce anyway. I'm going to jump out again before the bottom falls out but I think a lot of people are just going into the market because so much money is sitting on the sidelines and they feel the need to invest again. Interest rates are stupid low so bonds can't even hope to keep pace with inflation. My two pennies anyway...
 Quoting: Anonymous Coward 1277109


TSP?
City Broker
User ID: 20341640
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02/03/2013 06:50 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
Believe me the market has no concience,the firms that are going down the pan are Zombies.
the banks have been propping them up for years.Once these ailing companies fold we should see more continuity within the labour market.
the market has already factored the closure of such companies .thus they have very little effect on the market stats.
Anonymous Coward
User ID: 18379115
Philippines
02/03/2013 06:58 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
This rally will last much longer than people expect.
The market MUST be "credible" for another 2 years. It will be only in mid 2015 that they'll crash the markets... BIG TIME.
The problem is; that will be the FINAL CRASH! No more recovery!
NWO after that.
That information is easily verifiable by doing a technical analysis of $SPX.
 Quoting: PhilippinoBob


It will last as long as they keep making money out of thin air.
Anonymous Coward
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02/03/2013 06:59 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
Consumers have seen their paychecks reduced 2% due to Social Security in addition to seeing their insurance premiums going up.

So consumers have far less money to spend. Which means those stores you've mentioned are taking a big hit.

Their employees are unlikely to find a job in retail, so they will collect unemployment and go on food stamps.

The initial closures are likely to lead to a spiral of future closures, including restaurants, hair stylists, shoe stores, jewelry stores, movie theaters, etc.

2013 will make 2012 look like a boom year.
 Quoting: Brightwinger




Yep. My co-workers and I just got slapped with a 2 percent pay cut on top of the 2 percent we lost with the social security tax increase. And this is after the 23 percent increase in our health care premiums.
Anonymous Coward
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02/03/2013 07:04 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
those companies which fleece the middle class and the poor are doing amazingly well,those who actually produced goods not so much.
Anonymous Coward
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02/03/2013 07:06 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
I thought the stock market was up, and things were peachy and every one was loving higher taxes, obamacare, a collapsing dollar, and millions leaving the work force?


By: Douglas A. McIntyre, Samuel Weigley, Alexander E.M. Hess and Michael B. Sauter | 24/7 Wall St – Fri, Feb 1, 2013 12:50 PM EST


Best Buy


> Forecast store closings: 200 to 250
> Number of U.S. stores:1,056
> One-year stock performance: -36.8%

Sears Holding Corp.

> Forecast store closings: Kmart 175 to 225, Sears 100 to 125
> Number of U.S. stores: 2,118
> One-year stock performance: 8.8%

J.C. Penney


> Forecast store closings: 300 to 350
> Number of U.S. stores: 1,100
> One-year stock performance: -53.6%

Office Depot


> Forecast store closings: 125 to 150
> Number of U.S. stores: 1,114
> One-year stock performance: 50.7%

Barnes & Noble

> Forecast store closings: 190 to 240, per company comments
> Number of U.S. stores: 689
> One-year stock performance: 8.95%

Gamestop

> Forecast store closings: 500 to 600
> Number of U.S. stores: 4,471
> One-year stock performance: -2.2%

OfficeMax

> Forecast store closings: 150 to 175
> Number of U.S. stores: 872
> One-year stock performance: 80.8%

RadioShack

> Forecast store closings: 450 to 550
> Number of U.S. stores: 4,412
> One-year stock performance: -68.1%

[link to finance.yahoo.com]
 Quoting: GodFrequency


Simple - the stock market doesn't reflect economic fundamentals. The 'stock market' that we watch is the DOW and the NASDAQ, which are both owned almost exclusively by the super rich. Its 'value' isn't responsive to the economic situation on the ground, but instead to the irrational whims of stock brokers, and to the dictates of government.

If they know government will assure financial backup, which they do, stock will go up. The big problem in '08 was the financial corporations lost faith that the government would back them, especially in the housing market. Fannie and Freddie were bankrupt, and the banks with mortgage holdings lost faith in the dollar so to speak. So the stock fell in price. This is why, after letting Bear Sterns fail as a warning to non-cooperative bankers, the government made sure to let everyone know that no one else would fail.

Economics on the grounds hasn't changed much since '08. In some respects, like in unemployment, it's gotten worse. Real unemployment is over 20%, a crazy figure. The real economy is basically in a depression.
Anonymous Coward
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Japan
02/03/2013 07:18 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
Online sales. Nobody needs to go to those stores anymore. Death of the mall, ever been to a dead mall? It's sad.
Anonymous Coward
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02/03/2013 07:25 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
Soon, Mr. Obama, Soon. You have nearly destroyed America, once that is complete then America will be more closely aligned with the rest of the impoverished of the world. Which is what the UN wants to happen and since you are a UN Puppet it is perfect.

I also love that you hate America yet you managed to become the President. Sure pulled the wool over our eyes. Grade A ass fucking you have Given America.
 Quoting: 0311INFANTRYSIR


Evil always wants do destroy the good it finds.

There are those that need to have everything for themselves and smirk that they got it for nothing, and the only way to do that safely is to depopulate on an industrial scale
indiandave

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02/03/2013 07:26 AM

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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
Good post Alethian. The real numbers for unemployment are a lot higher than what they want you to believe. Factor in underemployment and you will know why the economy is not improving. I know many people who are not working or working in a job that doesn't pay a lot. There aren't many high paying jobs out there right now. People have to settle for making less. I don't see improvment coming anytime soon.
Anonymous Coward
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02/03/2013 07:27 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
Consumers have seen their paychecks reduced 2% due to Social Security in addition to seeing their insurance premiums going up.

So consumers have far less money to spend. Which means those stores you've mentioned are taking a big hit.

Their employees are unlikely to find a job in retail, so they will collect unemployment and go on food stamps.

The initial closures are likely to lead to a spiral of future closures, including restaurants, hair stylists, shoe stores, jewelry stores, movie theaters, etc.

2013 will make 2012 look like a boom year.
 Quoting: Brightwinger


I agree, but there's a country called China waiting in the wings to swoop in with their multitudes of cheap labor and dirt cheap products to make their GDP go up and send even more money from the country. With their new additions of Obama Green companies they bought at a taxpayer loss, they should pretty much have us just where they want us anytime now...
 Quoting: He Is Risen Indeed


The people have no money. That's the real answer. If food stamp usage doubled over the last 6 years....who the fuck has money for a new tv?
071676

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02/03/2013 07:51 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
I thought the stock market was up, and things were peachy and every one was loving higher taxes, obamacare, a collapsing dollar, and millions leaving the work force?


By: Douglas A. McIntyre, Samuel Weigley, Alexander E.M. Hess and Michael B. Sauter | 24/7 Wall St – Fri, Feb 1, 2013 12:50 PM EST


[link to finance.yahoo.com]
 Quoting: GodFrequency




The Stock Market is purposely being pushed up higher and higher to make it appear that the economy is doing better than it is. It is also being done in order to push up peoples IRAs. The government wants the IRAs to get as high as they can before they take them away, to use for the government spending, giving the people a coupon for the supposed value of their IRA. This way, the government can get trillions of your dollars from your IRAs, and give you nothing in return.

Just another thieving government plot to steal more of your money. If you really paid attention, the real stock market number would be in the mid-8000s instead of over 14000.
Anonymous Coward
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02/03/2013 07:52 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
But look at THESE stores. Is there anything that we really NEED that they sell? other than Sears hardware dept, when people wonder how they will eat, or how to pay the electric bill, who needs Radio Shack or Barnes and Noble, etc. I don't need clothes from Penneys, I need freeze dried food.

Now, if they opened up departments for SHIF needs, their business would be booming.
Anonymous Coward
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02/03/2013 07:59 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
The companies in the DOW and SP probably sell good globally.
American Sith: Darth Shillerus

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02/03/2013 08:06 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
Very good catch, OP! Try showing these figures to an Obama supporter! My wife works with a lady that constantly extols how wonderful things are now that we don't have that 'retarded bastard' Bush in the White House.

My wife will bring up the unemployment, the cost of gas, the Quantitative Easing, and other issues and the woman responds with what we have come to call 'Obama facts'.

She will tell you: Obama got Bin Laden. He stopped the job losses. He got the stock market back.

Of course, if she explains to said half-wit that if a patient bleeds out and we replace the blood with water, how long can the patient survive?

The lady has no answer, ever. She just continues banging her pot for the Caramel Commander.
 Quoting: American Sith: Darth Shillerus


Is it better to be awake and find there's nothing you can do about what's going on anyway? Or to be completely asleep and happy?

There's a reason people want to stay plugged into the matrix.
 Quoting: Anonymous Coward 12546839



I have been awake long before the 'fall' of 08. Going all the way back to 1998! I never believed the Y2K shit, however, 911 did not catch me off guard.

Sure, there was the first moments when I could decide if it was an invasion or not, and that thought crossed my mind. I was a paramedic then working on my degree working a full-time medic job and working part-time in the chemistry lab doing inventory, setting up freshman lab experiments, and helping the professors do their research for publication.

I remember a professor, a young woman, who came to me and said, "A plane hit the World Trade Center. They don't know what's going on."

I went straight home, packed my wife and son in the car, and drove to my parents. They live on a farm, same as I do now. As my wife and I were packing the car, we saw the second plane, and I really just felt like 'shit, I knew this was coming'.

As for the 2008 pre-quake tremor, I knew that shit was coming, same as 911, all the way back then. I was doing part-time carpentry work in the summer because you can make more money picking up cans on the highway than being a paramedic, and I would frame these fucking McMansions.

I would see the realtors bring these asswipes around trying to see these people 300K homes. People who weren't making as much as I was as a paramedic! People making 35K!

I would come home to my wife and just shake my head. I knew then we were building a false economy.
(GLP aka American Jedi)

Listen here you beautiful bitch, I'm about to fuck you up with some truth.
Kenny Powers

If you steal the dreams of others long enough, sooner or later you'll end up in a nightmare.
American Jedi

Intellectuals solve problems, geniuses prevent them.
Albert Einstein

Satis Eloquentiae, Sapientiae Parum....

"The last of the old?"

"No, the first of the new."

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