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SPDR S&P 500 Message Board

  • ceo_john_chambers ceo_john_chambers Feb 17, 2013 2:56 AM Flag

    Simple explanation: panic in Walmart

    People prefer to shop at Whole Foods and Saks now. It confirms Age of Prosperity has just begun. yours truly, B. "Helicopter" Bernanke

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    • xtgeminiman@ymail.com xtgeminiman Feb 17, 2013 11:29 AM Flag

      Whole Foods just guided down THIS WEEK. Earnings finished 2011 at $87 and are looking like they will finish 2012 at $88. So the market is a great deal only if you assume 20% earnings growth. Lay off the hard drugs.

    • lol. nice satire. As I said, (and I make a "good" salary), I have found that I can get a $5 off coupon at Dollar General where the toilet paper is same price as Walmart. Then I can go on a Saturday and buy 6 weeks of toilet paper at DG for $5 less than Walmart. That's about $42 per yr in savings on toilet paper alone. I would have never done anything like that prior to 2008. That's why Walmart's numbers are down. But what else can I do? I got a 3% pay raise finally after my pay was frozen for 2 years, but it coincided with the payroll tax increase. and my take home pay actually went down because our health plan went up again. We also have at least one "soup night" per week now, so that saves a bit. I figure we save $250+ / yr doing that one night per week. The problem is that people making decisions that hurt all of us have never had to make a budget and stick to it. The "great recession" has forever changed our spending habits and has helped us to re-evaluate many things--not all of that is a bad thing. I even got moved closer to home due to the commute. We used to drive 27,000 miles per yr as a family. We only drive when necessary and never "go back out" for things. If we need something, we get it on the way home from work. Now we drive about 18,000 total.

    • You're kidding, right?
      This is the planet Earth. Where are you?

 
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