Vegas Free-for-All - A Market Collapse Is On The Horizon

A Market Collapse Is On The Horizon

Don

Feb 23, 2016
9:33pm

Quote

Originally posted by: BAGIANT
Soros agrees with DD. He's shorting the S+P 500, He's a smart investor!

Mr. Soros made his fortune shorting the British Pound:
"On September 16, 1992, Black Wednesday, Soros's fund sold short more than $10 billion in [British] pounds, profiting from the UK government's reluctance to either raise its interest rates to levels comparable to those of other European Exchange Rate Mechanism countries or to float its currency.
Finally, the UK withdrew from the European Exchange Rate Mechanism, devaluing the pound. Soros's profit on the bet was estimated at over $1 billion.[44] He was dubbed "the man who broke the Bank of England". The estimated cost of Black Wednesday to the UK Treasury was £3.4 billion."
__ wikipedia

Nonnetheless, poor old DonDiego has a "worrying" temperament. He recognizes the wisdom of Daniel Drew.

"He who sells what isn't his'n, Must buy it back or go to prison" - Daniel Drew

Although he might sell almost all of his holdings and go to cash, DonDiego is unlikely to take a large short-position, as that can lead to losing more than one has.

billryan

Feb 24, 2016
7:16am

Block User

Soros made his fortune long before 1992. That was just his sticking it to an incompetent central bank.

Dave in Seattle.

Feb 25, 2016
2:11pm

Block User

GOLD is back up.
Sell it for other needs.
https://www.ebay.com/itm/1-oz-Perth-Mint-Gold-Bar-9999-Fine-In-Assay-/322016594530?hash=item4af9af4a62:g:btQAAOSw3KFWgShq

Guns and ammo.

Don

Feb 26, 2016
5:12am

Block User

No need for concern, . . . pr'bly jes' a little retail "hiccup":

America 2016

#1 Sears lost 580 million dollars in the fourth quarter of 2015 alone, and they are scheduled to close at least 50 more “unprofitable stores” by the end of this year.

#2 It is being reported that Sports Authority will file for bankruptcy in March. Some news reports have indicated that around 200 stores may close, but at this point it is not known how many of their 450 stores will be able to stay open.

#3 For decades, Kohl’s has been growing aggressively, but now it plans to shutter 18 stores in 2016.

#4 Target has just finished closing 13 stores in the United States.

#5 Best Buy closed 30 stores last year, and it says that more store closings are likely in the months to come.

#6 Office Depot plans to close a total of 400 stores by the end of 2016.

#7 Wal-Mart is closing 269 stores, including 154 inside the United States.

#8 K-Mart is closing down more than two dozen stores over the next several months.

#9 J.C. Penney will be permanently shutting down 47 more stores after closing a total of 40 stores in 2015.

#10 Macy’s has decided that it needs to shutter 36 stores and lay off approximately 2,500 employees.

#11 The Gap is in the process of closing 175 stores in North America.

#12 Aeropostale is in the process of closing 84 stores all across America.

#13 Finish Line has announced that 150 stores will be shutting down over the next few years.

alanleroyII

Feb 26, 2016
6:11am

Block User

Quote

Originally posted by: DonDiego
No need for concern, . . . pr'bly jes' a little retail "hiccup":

America 2016

#1 Sears lost 580 million dollars in the fourth quarter of 2015 alone, and they are scheduled to close at least 50 more “unprofitable stores” by the end of this year.

#2 It is being reported that Sports Authority will file for bankruptcy in March. Some news reports have indicated that around 200 stores may close, but at this point it is not known how many of their 450 stores will be able to stay open.

#3 For decades, Kohl’s has been growing aggressively, but now it plans to shutter 18 stores in 2016.

#4 Target has just finished closing 13 stores in the United States.

#5 Best Buy closed 30 stores last year, and it says that more store closings are likely in the months to come.

#6 Office Depot plans to close a total of 400 stores by the end of 2016.

#7 Wal-Mart is closing 269 stores, including 154 inside the United States.

#8 K-Mart is closing down more than two dozen stores over the next several months.

#9 J.C. Penney will be permanently shutting down 47 more stores after closing a total of 40 stores in 2015.

#10 Macy’s has decided that it needs to shutter 36 stores and lay off approximately 2,500 employees.

#11 The Gap is in the process of closing 175 stores in North America.

#12 Aeropostale is in the process of closing 84 stores all across America.

#13 Finish Line has announced that 150 stores will be shutting down over the next few years.

Who needs all that Brick and Mortar when those stores offer on-line ordering and often free delivery? And then there's Amazon...they're not closing any stores.

Let's see....do I want to shower, dress, Lock up the house, Drive to the Mall, Park, Walk a mile to JC Penny's, find out they're out of my color underwear and drive home???....or order 20 pairs from JCP.com and have them delivered Monday by the hot UPS Woman?

jphelan

Feb 26, 2016
7:26am

Block User

Retail has always been a strange market. Even in the best days, many retailers made 90% of their sales between Thanksgiving and New Years. The high rental rates for empty malls for 10.5 months of the year make no sense. Who even goes to a mall anymore?

billryan

Feb 26, 2016
7:34am

Block User

Seriously.
Add up the sales of all those stores and I would suspect you are nowhere near Amazons sales. Not to mention that each of those stores has internet sales that take away from in-store sales.
Just this afternoon, i got an email from Pennys' about a great sale. Half price polo's , and a 25% off internet coupon with free shipping. After I hit a certain level, I was offered Fruit of the Loom boxer briefs, buy one get one free. final purchase was three polos, a button down oxford, a camp shirt and eight boxer/briefs for $109 incl. tax, delivered.
Sears is a zombie company. The land its stores sit on is far more valuable than the sales in the stores. K- Mart is in the same boat.
Wal-Mart demolished the Mom and Pop stores in many a town when they opened. Now that those stores are gone, Wal-Mart can safely close stores because the peoples only choice is another Wal-Mart in the next town.
Last week, in laughlin, I was running low on clean clothes so I stopped by their outlet shops. Walked into a levis and asked if they had any jeans in my size. The young id working said they only stocked up to size 46 in the shop but he gave me a card with a code for 40% off my first purchase at levis.com or whatever their website is. Free shipping and no sales tax ,to boot.

esteskefauver

Feb 26, 2016
7:50am

Block User

Quote

Originally posted by: alanleroyII

Quote
Originally posted by: DonDiego
No need for concern, . . . pr'bly jes' a little retail "hiccup":

America 2016

#1 Sears lost 580 million dollars in the fourth quarter of 2015 alone, and they are scheduled to close at least 50 more “unprofitable stores” by the end of this year.

#2 It is being reported that Sports Authority will file for bankruptcy in March. Some news reports have indicated that around 200 stores may close, but at this point it is not known how many of their 450 stores will be able to stay open.

#3 For decades, Kohl’s has been growing aggressively, but now it plans to shutter 18 stores in 2016.

#4 Target has just finished closing 13 stores in the United States.

#5 Best Buy closed 30 stores last year, and it says that more store closings are likely in the months to come.

#6 Office Depot plans to close a total of 400 stores by the end of 2016.

#7 Wal-Mart is closing 269 stores, including 154 inside the United States.

#8 K-Mart is closing down more than two dozen stores over the next several months.

#9 J.C. Penney will be permanently shutting down 47 more stores after closing a total of 40 stores in 2015.

#10 Macy’s has decided that it needs to shutter 36 stores and lay off approximately 2,500 employees.

#11 The Gap is in the process of closing 175 stores in North America.

#12 Aeropostale is in the process of closing 84 stores all across America.

#13 Finish Line has announced that 150 stores will be shutting down over the next few years.

We've had the internet for over 2 decades and e-retail has been around for about as long. I'm glad to see you've discovered the benefits of ordering online. What took you so long? Amazon is opening brick and mortar stores now I presume because there are benefits to actually having the product in your hand before purchasing it. Also, because it's much cheaper to check out a customer with an item at the cash register than to pull, pack, and ship the same item.

alanleroyII

Feb 26, 2016
8:25am

Block User

Quote

Originally posted by: esteskefauver

Quote
Originally posted by: alanleroyII
Quote
Originally posted by: DonDiego
No need for concern, . . . pr'bly jes' a little retail "hiccup":

America 2016

#1 Sears lost 580 million dollars in the fourth quarter of 2015 alone, and they are scheduled to close at least 50 more “unprofitable stores” by the end of this year.

#2 It is being reported that Sports Authority will file for bankruptcy in March. Some news reports have indicated that around 200 stores may close, but at this point it is not known how many of their 450 stores will be able to stay open.

#3 For decades, Kohl’s has been growing aggressively, but now it plans to shutter 18 stores in 2016.

#4 Target has just finished closing 13 stores in the United States.

#5 Best Buy closed 30 stores last year, and it says that more store closings are likely in the months to come.

#6 Office Depot plans to close a total of 400 stores by the end of 2016.

#7 Wal-Mart is closing 269 stores, including 154 inside the United States.

#8 K-Mart is closing down more than two dozen stores over the next several months.

#9 J.C. Penney will be permanently shutting down 47 more stores after closing a total of 40 stores in 2015.

#10 Macy’s has decided that it needs to shutter 36 stores and lay off approximately 2,500 employees.

#11 The Gap is in the process of closing 175 stores in North America.

#12 Aeropostale is in the process of closing 84 stores all across America.

#13 Finish Line has announced that 150 stores will be shutting down over the next few years.
Who needs all that Brick and Mortar when those stores offer on-line ordering and often free delivery? And then there's Amazon...they're not closing any stores.

Let's see....do I want to shower, dress, Lock up the house, Drive to the Mall, Park, Walk a mile to JC Penny's, find out they're out of my color underwear and drive home???....or order 20 pairs from JCP.com and have them delivered Monday by the hot UPS Woman?

I think you missed my point. The vast majority of those stores Don Diego identified are shuttering are not closing because of a slow down in overall retail sales. It's because a lot of sales have moved from the Mall to the internet. I have personally known about on-line ordering for several days now.

Don

Feb 26, 2016
8:35am

Block User

Quote

Originally posted by: esteskefauver
We've had the internet for over 2 decades and e-retail has been around for about as long.

DonDiego apologizes for supposing closing stores suggested falling sales. He will make a point of looking into this "internet-thing" to which several posters have referred.

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