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larrybaz

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larrybaz

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Friday, 05/20/2022 9:52:08 AM

Friday, May 20, 2022 9:52:08 AM

Post# of 114314
This interview took place yesterday afternoon before the market closed. What he said regarding retail really hit a chord with me. I think between the negative wealth effect of the the stock market decline and general inflationary pressures, it's going to be very tough for the retailers for the foreseeable future. After the market closed, ROST got brutalized upon releasing their earnings.

https://www.cnbc.com/video/2022/05/19/watch-cnbcs-full-interview-with-cantor-fitzgeralds-eric-johnston.html

I have seen lots of $1 stocks with strong earnings and solid balance sheets triple, quadruple and more, but I have yet to see one go below zero.

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