Doesn't really matter what the numbers are. If they are worse than expexcted, most likely a rally. If the numbers beat, huge up day. Really need some eyeopening, shocking news to get any correction. Starting to think this was all priced in and I have been completely wrong. Then I look around and see no improvement to what is going on in this country. I was in Palm Springs a few weeks back. Every other space downtown was vacant. The huge Chevy dealer down the street is a vacant lot. Applebee's gone. Just doesn't feel or look any better to me. Maybe the rest of the country is looking up, but CA is dead for a long long time.
Yes. CA is hugely hit. I'm in the SFV and Ventura Blvd. has had empty shops on almost every block since last September. And I was in Santa Barbara in early January 2009 and in late April of 2009, and couldn't believe how much more CRE was available, and how the folks walking on the sidewalks were not entering the shops/businesses that were open.
I'm in a suburb in SEattle where Microsoft is. I'm starting to see more people in the mall but we got a lot of high rise condos that are begging people to buy. There were hot cakes last year but now they are vacant. The store front down below are vacant and no one is renting.
Our state has an unemployment rate of 9%. I know stock market are always 6 months ahead but I don't see recovery until late next year.
Chili's closed up, the new state of the art GM dealership is abandoned, Joey's seafood closed, various mall stores closed... The relief money never made it past the greedy bankers.... and the stock market prop job.