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Hey Langy,Had my buddy sell out of acls.68-.70.He held since that.37-.40 dip.Nice patient trade.Watching for a bigger pull back.I see cbl/pei also had 1.00+moves.Bob :))
Shoppers are already beginning to look a lot like Scrooges this holiday season
Mercedes Cardona
It won't take a Scrooge to spoil this holiday season. Americans are already doing a very good job of it themselves, putting the brakes on gift spending -- no matter what offers retailers dangle before them.
An ING Direct (ING) survey of adults found that only 54 percent plan to spend $300 or more on gifts this holiday season, down 10 percentage points from last year. The number planning to spend less than $300 is holding steady. Another 11 percent -- compared with seven percent last year -- said they won't spend a dime.
Retailers have already anticipated the blue Christmas to come and have begun programs to control the damage, since the holidays often account for most of the year's profit at many stores. This week, Sears Holdings brought back the Christmas club at Sears & Kmart stores, hoping to lock in some of the more forward-thinking customers.
The survey found the spending cuts are happening across the board and across the country, in all regions and all age groups. The biggest change was among older Americans, who've seen their retirement nest eggs tank in this recession. Sixty-one percent of Americans 55 and older will spend more than $300, down from 71 percent last year. That means a lot of grandkids will get clothes this year instead of iPods.
So where is that money going? Forty-one percent of those polled say they plan to save more -- good news for ING Direct, which commissioned the poll of 2,047 adults taken last month. Top priorities are building a fund for emergencies (37 percent), paying down debts (35 percent), and funding retirement (34 percent).
And more bad news for retailers: 67 percent said they will continue to save after the economy recovers. So maybe Americans are learning to live within their means and save for the future.
Then again, polls during the last extended recession, in the early 1990s, said many of the same things. And then came the late 90s, and the Internet boom, symbolized by its tech millionaires (and billionaires). American consumers have the best of intentions, but once they have disposable incomes, shopping sprees always follow. Retailers count on that, too.
Still doing Summer fun~
Hey Langy,My Summer trips are over now(hehe).Noticed my call on citi is up nicely as are my select retailers/developers.A months worth of patience made many $$$.Citi just needed the swaps to end in the 2.80/3.00 range as I said.I also said the retailers would run and look at shorting them after the run.Nailed them both.Bob :))
Just got home from AC last night.Good trip.Enjoy~
Hey benz,Give me the top five american friendly countries.I actually know someone that retired to Panama City.Any others you know of?The elderly can not retire to the Florida/Arizona hot spots anymore because it is toooo expensive.I am looking ahead 5-10 years maybe sooner where I get bang for my buck.I am looking at taking it easy early/mid 50's.Retiring in the U.S. is becoming non existent.Bob :))
Yep,Not buying Dow 9500 either.The street and the fed are pumping the economy.I am in the trenches with wholesalers/small biz owners all over the country.It bites from PA to Fl and across to CA.I remain in cash is king mode.Bob :))
Yep,Lets say my life is tooo interesting with what I have to deal with.I want to trade more.No time right now.Hoping September brings me some free time.Bob :))
Yep,Then to add to the mall problems(no more vacations lol)~ http://www.thetimes-tribune.com/scranton_man_arrested_for_lewd_conduct_at_steamtown_mall
Thanks Glass,Just got back from AC last night.The air show was fantastic.750k estimated.Its a go also for two NBC "The Office kiosks this year.Gonna be a bizzzzy xmas.Locked up the two Barnes and Noble kiosks also.Good vacation with great biz news.Only bad thing was the fire right next to one of my malls.Closed for one day.Biz as usual after that. http://www.thetimes-tribune.com/cm/2.1188/news/blaze_destroys_downtown_scranton_bakery_building?firstComment=20#articleComments
Got back from AC last night.This happened while away.Watch video.Mall had smoke damage.You can see the bridge to the mall in the video.Also damage to the movie theater. http://www.thetimes-tribune.com/cm/2.1188/news/blaze_destroys_downtown_scranton_bakery_building?firstComment=20#articleComments
MMMMMMM,I am amazed at the green beans I am getting after the horrible start and replanting because of rain rot.Did some picking tonight because I am going away Sunday.My cherries are going nuts also.Have to give them away because I have tooooo many.Our heat has made everything go nuts.Rare sequence of events this growing season in the NorthEast.Bob :)))
What did you have???Tomato something??
Really good song I never heard before~Kid Rock~Only God knows why~
Oh YEA,It is football season.My Pats kick azz this year.Getting the new sideline hat for the exhibition game with the eagles Thursday.Breath Patriots.Bob :)))))))))))
Thats amazing,They are not bothering my veggies.I had to make sure all my garbage bags were covered in the cans.I would be in the bathroom and hear the critters jumping for joy as they rip and throw food all over my driveway.lol Bob :)))
New Breaking Ben I think.Only heard the song once~
Heard the new Breaking Ben song today on local 97.9x.Its good.They are big here in PA.They said they were the first to play it.Watching for video.Bob :))
Hey Bigzzz,Just chillin the rest of the summer.Enjoy~Michael Franti and Spearhead : Say Hey
She will bring money to the mall aka customers~
Hey Beam,That was a good tune.Pure...Tina Parol coming to one of my mall locations~Whos got your money~http://www.985krz.com/Win-a--1-000-Shopping-Spree-with-Tina-Parol-/4965759
Hey Beam,That was a good tune.Pure...Tina Parol coming to one of my mall locations~Whos got your money~http://www.985krz.com/Win-a--1-000-Shopping-Spree-with-Tina-Parol-/4965759
Enjoy~The more I see the less I know~
Hey Beam,It is a good tune.Like the lyrics.Especially "The more I see the less I know"How true.Bob :))
Lets Dance(lol)New music~Spearhead~Say Hey~
Gunners~November Rain~
Gunners~Patience~
Enjoy Dude~Gunners~Yesterday~
Good Night,I have scary deep thoughts every day of the week.I will help you with that problem.It is second nature in my biz world.I actually have a 7th sense.Tell you about that later.lol Bob :))
Come on Janice.Give me some answers.You spill on the scam stocks.Give me some spilling on real life.We are politicians to the general public.I am not the general public.I am a truthful bastard that tells it like it is in all areas.lol Bob :))
Agree Kelly,I am a good person with standards.The events in the last few years blow me away.Most of the good hard working biz people I know are out of business.I get really pissed because government has caused lots of failures for good people.While the foreigners are taking over American business across the board.Thats a fact.Bob :))
Should have given my garden a dose of this~
I saw that Myth busters episode.The plants did respond.If it rains next year like this year.I will put speakers by my garden and blast AC/DC.That should wake them up.lol Bob :))
Party on Guys and Enjoy LIFE~Black Eyed Peas~
Going back to the fragile ihub poster.You me and the people I speak with have open minds.Aka the next stock will make me a millionaire and we could talk about other issues.Here is a example.I am a music lover.I like everything from the oldies to creepie bands like disturbed.My mood dictates what I listen to.I notice when I play crazy music my mm go down.When I play popular music it goes up.That is sad as I am the same smart person whether I listen to Dolly Parton or Disturbed.Fragile bunch at ihub.Most need to learn the people and what they are about.Damn,I am one of the most respected small biz owners in my area and my nickname is wildman amongst the malls.lol Bob :))
Yes,Here is an example.Abercrombie and fitch's sales were down 28% last month.Why is that?It is because they are over priced~The kids have no jobs and the parents are saying FU when they want 100 dollar jeans and 50 dollar tee's.Don't believe the government reports that things are getting better.I will tell you when they are.My reach is wide across the whole country between suppliers~biz associates and friends.The government is still blowing smoke to manipulate the markets up and down.The big houses play the run up and short the down based on talk.Bob :))
Hey Kelly,If you want to see political corruption at its best.Check out Luzerne and Lackawanna county in PA.Bad Bad Bad.I live in the area and Their are arrests every week.Bob :))
They decide is correct.Problem is their is no must have item right now in that age group.The second problem is most businesses are giving hours to the more responsible older people because they need it.The teens do not have jobs as in the past.They have to ask mommy and daddy for the $$$.Mommy and daddy only give for needed items.See the pattern.I see it daily in 3 malls.
Thats what I thought.Red or black at the roulette wheel.Not the way to go.Trading should be treated the same as long term investing.Buy good situations.I have many kids working.I ask adults their opinions.You ask why.Because they give the money to the kids who can not find jobs these days.Get it.....