yeah, most of em are up if ya haven't eaten outin 4 mos and get a bit of break on the gas---then ya owe the spouse a nite out. put it on credit card of course. but--------but---------that does not change the facts. the american consumer has taken it on the chin for almost a yr on gas prices and at 100 bucks a week extra for 2/3 cars that just another 5k put on the credit card. well now they are maxed out. now 10 mill home buyers are upside down on their home. --- they can't refi because the home won't appraise for the amount they owe. they cant sell, or move. gdp falling quarterly 5.5 to 3.5 to now 1.5 and wmt leads the next number ---- .5 those wallstreet guys kept up the talk till the end of the oct yr. but the market has taken notice that---the best q for earnings just ended. the typical american wiped out in 2000 collapse, now they are under on the home they bought in the last 4/5 yrs and can not sell, used all the equity in the old one, credit cards maxed out. now resorting to cash advances---the fastest growing business in the last 4 yrs. hope you don't know but thats where they charge 500% interest so someone can get 1000 bucks to help make their 3k mortgage. this is gonna get very ugly---in a hurry.
I am new to this board. Can somebody please tell me when would same store sales for October 2006 be reported? Any predictions? Maybe the anticipation that same store sales will be up is keeping this extremeley expensive stock at the higher price it should be...
add thjis to the list of things look real crappy going forward.
WASHINGTON (AP) -- Consumers kept a tight grip on their wallets in September, increasing their spending by only 0.1 percent. The Commerce Department's report, released Monday, showed that consumers had a solid appetite for big-ticket goods such as cars and appliances last month. However, spending on nondurable goods, including food, clothes and gas, fell. That at least in part reflected lower prices at the gasoline pump, analysts said.
The sector has been one of the best performing so be patience they are doing their best to hold this crap up until they close the books one Oct 31 for year end reporting for Hedges and Mutuals.
So far this reporting season PNRA has had the worst report out of the sector even worse than some of the dogs in the sector and is the most overpriced. BWLD looks to be the early stage growth play in the group from what I heard so money will rotate out of this "can't even make downward revised earnings" company. Also fast food seems to be keeping it's current momentum over fast casual lately. People are being more frugal with their money. PNRA is facing more and more competition in the "organic/ wholesome" offerings at better prices points. Nobody here seems to address any of this.