<p>Saw that earlier - if the wealthy are looking to get out - that’s a problem.</p>
<p>Anyone have a gold vault supplier?</p>
<p>Read an article saying that Apple was looking into doing a stock split - perhaps for consideration on getting into the $INDU.</p>
<p>“Disappointing earnings at Coach (COH) today, along with falling shares of Tiffany (TIF) and Saks (SKS), suggests that aspirational spenders as well as the affluent and genuinely wealthy are keeping their wallets closed.”</p>
<p>I gotta tell ya. I do shop but. But. No matter how hard I look at Coach, Saks and well, I have never looked at Tiffany, lol, but the other two? I think the designers these days have gotten a case of the Ugly is Beautiful disease. Just saying. Some of us spenders have been lookin’ to spend but finding something worth buying ain’t easy. And I have been trying!</p>
<p>Are hems going up or down? That’ll really tell. Is there a stock market correlation to ugly fashion? Because whatever that technical measure is, we’re in the ugly phase.</p>
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<p>Shareholders are now left holding the bag.</p>
<p>ROFL. Nice one BCE. Where’s that thumb’s up button when you need it.</p>
<p>anyone visited a JCP that has been updated? I wonder how that is going.</p>
<p>Miracles do happen. We have a budget deal.</p>
<p>We do?..</p>
<p>WASHINGTON — House and Senate leaders on Tuesday struck a deal to fund the government for six months, a move that averts the threat of a shutdown in September and gives negotiators breathing room to hash out differences over looming tax hikes and spending cuts.</p>
<p>Ok, thanks.</p>
<p>Doesn’t look like investors, as a whole, care. :)</p>
<p>Why should we, when all that had been done is kick the proverbial can down the road</p>
<p>Good news Phillyfed. Razor, I have been to JCP and the store was in upheaval. Everything being moved, shelves empty while restocking and rearranging were underway. Two completely different types of music being played in one area - disconcerting. The dresses were still there tho in all their lovely sparkly prom like splendor. Looked to me like lots less stock would be present when the reorg finished but not sure. Can’t a girl find a v neck long or short sleeved t shirt fuhgoodnessake. Chatting with the other women of a certain age we all are trying but failing to find nice summer tops with sleeves. Are you listening designers? Even the stores with the womens’ sizes have these big racks full of sleeveless shirts. </p>
<p>You can buy and sell stock but you need to stock the store to sell the stock to make the profit to sell the stock. Oy.</p>
<p>If I recall correctly someone recently recommended buying large cap stocks with little debt and pays a dividend. Coach falls under that category. Its debt to equity ratio 1.2%, 1.98% dividend yield and its estimated revenue growth for the next fiscal year is 12.80%. </p>
<p>I dont own COH btw. I meant the stocks as I have some bags.</p>
<p>We need several more miracles - how about we move the fiscal clif out a year for an encore? Then Europe solves its problems. Then we get a good jobs number on Friday (I’m not expecting one). And then the fed actually does something besides talking.</p>
<p>Having read Gross’s article - its quite depressing. Jimmy Cramer and others have frequently pointed out that the bearish viewpoint always seems more logical than the bullish case. Perhaps our caveman brains are so wired to flee when danger arises that our fear more often than not overcomes greed. On CNBC, Jeremy Siegel responded to Gross, pointing out that in the US and other countries for that matter, the correlation of the market to GDP has never been that great. Also his ~6% return for the last century has been applicable to other centuries and largely to other countries as well. Rosenberg who is a permabear had said pretty much the same thing as Gross yesterday. The bottom line is that nobody knows what the future holds in the market so while everybody postulates their theories going forward, they’re all full of sh**.</p>
<p>Don’t disagree with “they’re all full of sh**”… That said, it is difficult to make a bull case in this environment…risk/reward is not in your favor as a bull…</p>
<p>Looks like the payroll tax cut is going away. Nobody that gets a say seems to be interested in extending it. It was a nice counterbalance to health insurance increases for the new law but I guess it will be gone for 2013.</p>
<p>They are all full of it and they make great money.</p>
<p>If the Fed buys mortgage debt, Bill Gross makes size, not that he needs the money.</p>
<p>I wrote earlier about future market returns. Unless, there are new technology advances, I don’t see how Jeremy S is correct. Bill Gross might be a little too negative. He might be talking his book. Interest rates are too low for long term big returns and he is the bond
king. </p>
<p>I remember when Bill Gross was on Wall Street Week 30 to 40 years ago. He was the also. The token, boring bond guy. Martin Zweig, Frank Capiello, and I can’t remember the older other guys were kings. The former football player from the Eagles, Eddie Brown was a panelist. Many of these guys got very wealthy. Marty Zweig owned a place worth 50 million, or something like that.</p>
<p>I think Bill Gross did the best. The boring guy.</p>
<p>I can only hope they eliminate the payroll tax cut. It is the source for social security and unless they reduce social security benefits (won’t happen), social security is being even more under funded.</p>
<p>Carter Randall…was the guy I was thinking of…</p>
<p>“Panel Discussion: A panel of financial analysts (usually three in number) offered their opinions on the market, and gave specific stock recommendations. Panelists over the years, who numbered close to 30 by the turn of the 20th century, included financial names like Frank Cappiello, Gail Dudack, Mary Farrell, Michael Holland, Carter Randall, Julius Westheimer and Martin Zweig.”</p>