I agree people don't eat out as much during a recession. Most people who lose there jobs can't afford to eat out at all. Those in fear of losing there job eat out less often at lower costly restaurants. The chain restaurants with there $50-$60 average meal for two take the biggest hit. The expensive upscale restaurants are also hit hard but the good cheap Greek restaurants that cater to the retired take a small hit and hold there own. When you have your house for sale you best eat out every night because the oven must be kept spotless and food odors are a selling negative. We have eaten out every dinner meal for months. We close August 4 and I prey this ordeal is over.
Not aware of TA being used to predict earnings but if you figure out how to do that you might write a book. TA looks at historical price movement patterns which most often tend to repeat themselves.
I don't follow CAT (but would buy at some point) but anything the market thinks is oversold has a tendency to revert to its mean .
Just read in WSJ Mass knife attack in Japan kills 20. Thankfully no guns were involved, the victims families are relieved I'm sure.
J, It matters little where you think you are rich , it's whether Dim voters think you are and there Dim leaders say you are rich. If a transaction tax slowed trading it might benefit most investors but would cripple HF and day traders. Buy and holding a good stock might be the winning hand again. Less volatility and spoofing. I have already slowed my trading .
Don't count on the world petroleum resources running dry for centuries if then. Why is that ? I think our advanced technology will continually develope new ways to extract energy from previously thought depleted areas. Fracking is a example.
J, The rich will cover the tab on these Progressive measures. Most people even Liberal millionaires support the rich covering the tab. Now who are the rich? Most people think the rich are those with more than they have. Liberal millionaires are jealous and want to stick it to the billionaires. To the poor everyone with a house,car and a job is wealthy.
While one day does not make a trend for me it's a matter of prospective and opinion. If a day trader wants to call one days activity a trend, so be it. Knock yourself out.
Kaine only took $160k while in office . He obviously needs grooming to go big time. Debbie Wallowin Shitzu is being rewarded for good service to the Clinton. More than a few whack job Bernie backers will not approve.
No one is interested in helping poor people including the Dim party except to gather votes going into a election cycle. Cutting welfare benefits and replacing them with employment opportunities might be the only solution.
I do remember early on supporting wife and two small children on one income with mortgage and auto debt as well as two nearly maxed out credit cards. But in time working together with wife we worked our way out and are now debt free with saving put away. There was some luck involved if the 2008 downturn had struck earlier in my career I might have been ruined like so many others today.
I take a somewhat different view. I think centralized administration in education,healthcare, energy,banking ect is the problem. There is no amount of money these people can't spend. My preference is more control to state send local levels.
Kaine, is a excellent choice for Hillary. He does not "cackle" when he talks or wear pants suits (in public anyway). He has the backbone of a snail so he can change directions on a moments notice. Excellent Dim choice.
The people who lose there jobs because of automation also vote and deserve a living wage where working or not. These folks will be catered to in future election cycles . These people have Dim leanings :)
Lets not lose sight of the fact that a $15 minimum wage would drive all wages higher. The guy earning $15 before the MW increase will now demand $20 or $25 per hour and increases will occur all up the food chain. Labor Unions love it.
Jfnh1,I can't access the PSEC MB but if it as hateful and miserable as you say it looks like you would be naturally drawn to the conflict with like personalities.
When you own only one house I don't look at it as a investment. I prefer to keep renting and temp living to a minimum even if price is steep.