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02:06 AM
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DOW heading down again today!? Opens red! Goes to -600 points!
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[quote:Anonymous Coward 76580065:MV8zOTE1ODgwXzcwNjQzNTMwX0NGNDIyOERE] [quote:Deplorable Paw of Oak:MV8zOTE1ODgwXzcwNjQzMzk4XzNGRkIzNEQ3] [quote:Truth Seeker!:MV8zOTE1ODgwXzcwNjQzMzkwXzMxMjBCQ0U1] [quote:Deplorable Paw of Oak:MV8zOTE1ODgwXzcwNjQzMzg2X0MxNTgyODkx] Sears down 18.5% [/quote] oh shit! [/quote] .39 a share I wouldn't be surprised if they file BK tomorrow [/quote] We still have a Sears store in our town. The parking lot's been empty for two weeks, with only one or two employee cars. My husband and I regularly ask why they are still open. Every time we've tried to buy something there, the price has been 30% or more higher than other stores within walking distance. That's just bad business and unsustainable. It's not like our economy is rich just because there are a few people with money. The middle class is literally gone, and they were the bread and butter of Sears clientele. Everyone else is back to being dirt poor. You add that to the growing movement of anti-consumerists and retail is just taking a steady nose dive. What's an anti-consumerist you say? People who make their own ice tea instead of buying Snapple. People who buy their own beans and rice in 100lb canvas bags instead of buying Campbell's pork n beans. Etc. And they do it because it's healthier, not because it's cheaper. Retailers have lost American trust. So, when I start investing again, someday, when I finally graduate from my Ph.D. and have money again, I'll not be investing in retail :D It'll be environmental tech companies, and tech companies. Shit like that [/quote]
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