Why are all these stores closing nation wide, if the stock market is up and things are peachy? | |
Anonymous Coward User ID: 12546839 United Kingdom 02/03/2013 05:12 AM Report Abusive Post Report Copyright Violation | 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 User ID: 15571780 United States 02/03/2013 05:17 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 27243460 United States 02/03/2013 05:19 AM Report Abusive Post Report Copyright Violation | |
krosty User ID: 15571780 United States 02/03/2013 05:33 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 419649 United States 02/03/2013 05:34 AM Report Abusive Post Report Copyright Violation | Consumers have seen their paychecks reduced 2% due to Social Security in addition to seeing their insurance premiums going up. Quoting: Brightwinger 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. 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 User ID: 27243460 United States 02/03/2013 05:38 AM Report Abusive Post Report Copyright Violation | |
krosty User ID: 15571780 United States 02/03/2013 05:39 AM Report Abusive Post Report Copyright Violation | |
PhilippinoBob User ID: 16604126 Philippines 02/03/2013 05:48 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 27243460 United States 02/03/2013 05:49 AM Report Abusive Post Report Copyright Violation | |
nutmeg User ID: 32898527 United States 02/03/2013 06:11 AM Report Abusive Post Report Copyright Violation | 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. Someone has a sense of humor? [link to en.wikipedia.org] |
Anonymous Coward User ID: 33388427 United States 02/03/2013 06:13 AM Report Abusive Post Report Copyright Violation | 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 User ID: 33509091 United States 02/03/2013 06:19 AM Report Abusive Post Report Copyright Violation | 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 User ID: 16604126 Philippines 02/03/2013 06:30 AM Report Abusive Post Report Copyright Violation | 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 User ID: 30587851 United States 02/03/2013 06:31 AM Report Abusive Post Report Copyright Violation | 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 Report Abusive Post Report Copyright Violation | 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. Quoting: American Sith: Darth Shillerus 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. 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 Report Abusive Post Report Copyright Violation | 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 United Kingdom 02/03/2013 06:50 AM Report Abusive Post Report Copyright Violation | 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 Report Abusive Post Report Copyright Violation | This rally will last much longer than people expect. Quoting: PhilippinoBob 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. It will last as long as they keep making money out of thin air. |
Anonymous Coward User ID: 15916759 United States 02/03/2013 06:59 AM Report Abusive Post Report Copyright Violation | Consumers have seen their paychecks reduced 2% due to Social Security in addition to seeing their insurance premiums going up. Quoting: Brightwinger 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. 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 User ID: 25757172 United States 02/03/2013 07:04 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 26681822 United States 02/03/2013 07:06 AM Report Abusive Post Report Copyright Violation | 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? Quoting: GodFrequency 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] 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 User ID: 25042174 Japan 02/03/2013 07:18 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 25390958 United States 02/03/2013 07:25 AM Report Abusive Post Report Copyright Violation | 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. Quoting: 0311INFANTRYSIR 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. 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 User ID: 728181 United States 02/03/2013 07:26 AM Report Abusive Post Report Copyright Violation | 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 User ID: 9247375 United States 02/03/2013 07:27 AM Report Abusive Post Report Copyright Violation | Consumers have seen their paychecks reduced 2% due to Social Security in addition to seeing their insurance premiums going up. Quoting: Brightwinger 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. 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... 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 User ID: 28709102 United States 02/03/2013 07:51 AM Report Abusive Post Report Copyright Violation | 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? Quoting: GodFrequency 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] 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 User ID: 32715303 United States 02/03/2013 07:52 AM Report Abusive Post Report Copyright Violation | 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 User ID: 1730008 United States 02/03/2013 07:59 AM Report Abusive Post Report Copyright Violation | |
American Sith: Darth Shillerus User ID: 30587851 United States 02/03/2013 08:06 AM Report Abusive Post Report Copyright Violation | 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. Quoting: American Sith: Darth Shillerus 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. 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. 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." |
Anonymous Coward User ID: 25042174 Japan 02/03/2013 08:11 AM Report Abusive Post Report Copyright Violation | Yeah, sorry but Sears... The only people that shop there are the same people who get the Senior discount at the Sizzler. Same for Radio Shack. Those stores are bullshit. JC Penny and Sears are also anchor stores for malls. Nobody does their shopping at the mall anymore, therefore no need for JC Penny. I honestly can't remember the last time I bought something at JC Penny, either. Their stuff sucks. Barnes and Noble and Borders crashed as soon as people started buying digital editions of books on Kindle and the likes, same goes for media from Best Buy and Game Stop. Guess you've never legally downloaded a movie or game before? Netflix, Hulu, PSN and XBL basically cover the entire field. It's also why Blockbuster, Hollywood Video (etc) basically don't exist anymore. As far as electronics goes, you're better off buying them on Amazon in America. Office Max and Office Depot sell office supplies.. Pens, paper, etc., basically crap we don't use anymore because we do everything on a computer. They don't sell Apple or anything so why would anyone want to buy from them? You can get any computer, laptop, monitor, camera, etc, online at much more reasonable prices and without having to wait around for someone to help you. So there you go, you wanted it broken down, all of those stores suck. Lots of other retail stores are doing awesomely. Here in Japan, people still prefer hard copies of everything, and electronic goods stores are still way popular. They even rent CDs here (but not video games?!?!?) so ..Yeah.. Anyway American customer service is bullshit. I hate going to the states and shopping just because of the people inside the stores. Pretty sure others feel the same. |