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This message was self-deleted by its author (Omaha Steve) on Fri Sep 18, 2020, 03:12 PM. When the original post in a discussion thread is self-deleted, the entire discussion thread is automatically locked so new replies cannot be posted.
bucolic_frolic
(43,410 posts)I watch retail space. Physical retail space, in a third tier town where I shop, a town that has most national chains. You can see weakness. Clerks told to ask for the sell. Promos that scream buy. Soft pricing, displays. Even price retreats after increases that stopped sales cold.
This week - going-national grocery mini-store chain pricing to move. Because sales are slow. Main supermarket: discounts on soon to expire items. Even at Walmart. Holiday sales will be bleak. Our money goes to essentials.
Hugin
(33,222 posts)My bunker mate and I were discussing that very topic last night.
Eh, on Halloween. I'll miss the little tykes coming by the house, but, I would much rather they stay safe at home.
I suppose the biggest hole we see coming is Thanksgiving. It's traditionally our big blowout around here. I don't see anything happening for the first time since my personal low point of 1993. When I was alone with a package of turkey lunch slices, gravy mix, canned green beans, an apple juice box, and a loaf of convenience store white bread. But, I was still thankful.
X-mas will be better. I see a whole lot of donations to actual (not Trumpian) charities on the horizon.
Warpy
(111,404 posts)They were offered easy credit last spring when the market crashed and took on massive debt. They used that debt to buy back more of their own stock to try to pump the price back up. Earnings are way down, and any dividends will be tokens. They can't dump stock to lower the debt load without crashing the price. They're not earning enough to pay that debt down.
Something's going to pop and soon.
BlueWavePsych
(2,640 posts)Lunch time is usually bad.
If down at close, likely far worse on Monday.