*Investors Blog*

Economy is definitely slowing down and Amazon knows without stimulus cash people are spending less.

https://www.bloomberg.com/news/arti...es-abandons-plans-for-dozens-of-us-warehouses

”When homebound shoppers stampeded online during the pandemic, Amazon responded by doubling the size of its logistics network over a two-year period, a rapid buildout that exceeded that of rivals and partners like Walmart Inc., United Parcel Service Inc. and FedEx Corp. For a time, Amazon was opening a new warehouse somewhere in the U.S. roughly every 24 hours. Jassy told Bloomberg in June that the company had decided in early 2021 to build toward the high end of its forecasts for shopper demand, erring on the side of having too much warehouse space rather than too little. “

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Dave Hess said:
Economy is definitely slowing down and Amazon knows without stimulus cash people are spending less.

https://www.bloomberg.com/news/arti...es-abandons-plans-for-dozens-of-us-warehouses

”When homebound shoppers stampeded online during the pandemic, Amazon responded by doubling the size of its logistics network over a two-year period, a rapid buildout that exceeded that of rivals and partners like Walmart Inc., United Parcel Service Inc. and FedEx Corp. For a time, Amazon was opening a new warehouse somewhere in the U.S. roughly every 24 hours. Jassy told Bloomberg in June that the company had decided in early 2021 to build toward the high end of its forecasts for shopper demand, erring on the side of having too much warehouse space rather than too little. “

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They are just finishing up a moderately-sized warehouse right in the center of Worcester, MA which now dominates my view from my office. I say moderately-sized because I've seen some Amazon warehouses that were absolute monsters. This new warehouse is on the site of a former mall that was allowed to waste away by Simon Property Group and there were very few stores or jobs there. I'm glad there's something productive there now and it should mean several times more jobs there than the mall. I hope it stays on track for opening.
 
Lots of zombie companies will be exposed in the very near future and rising interest rates leading to their bankruptcy.
 
ZeeOSix said:
"Stimulus cash" has long been spent. On-line sales sky rocketed everywhere due to the pandemic, not because people got a couple of $1400 checks 1.5 - 2 years ago.
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I agree ..... High interest rates are slowing the buying (demand) just as planned to bring down inflation. I'm sure companies are already seeing a slowdown or are expecting it in the future. While you hear of some company layoffs....... there are companies that are still short staffed. It all depends on the industry.
 
ZeeOSix said:
"Stimulus cash" has long been spent. On-line sales sky rocketed everywhere due to the pandemic, not because people got a couple of $1400 checks 1.5 - 2 years ago.
Click to expand...

Unfortunately I didn’t get any:
State unemployment, the $600 a week Federal Pandemic Unemployment Compensation or any stimulus checks.

If I did….. I would have spent it all on AMZN.

I had a substantial AMZN holding and sold everything but was very fortunate to ride to wave up and get out.
 

Signet Sees "Steep Decline" In Sales Of Jewelry Priced Under $500​

https://www.zerohedge.com/markets/signet-sees-steep-decline-sales-jewelry-priced-under-500


”The market for jewelry priced under $500 is cooling off quickly, signaling that lower- and mid-income earners are starting to feel the crunch of the inflationary recession we are in the early innings of.

The revelation came to light last week after Signet, who owns Kay Jewelers and Zales, reported a "steep decline" in demand for such items during their earnings report. As Bloomberg noted last week, higher rent prices and gas prices have put the lower and middle class in a crunch, with far less to spend on discretionary items like jewelry.

Gina Drosos, chief executive officer of Signet Jewelers, said that spending was robust last year due to stimulus checks and pent-up pandemic savings. Now, the lower class is “much more economically challenged and not spending as much,” she commented. “
 
I don't understand all the chicken little discussion going on here. We are well beyond due for a market correction, which is a natural cycle of our economy. We still have time to position ourselves to ride out the storm just like we did the past half dozen or so recessions.

How about some positive discussion on how to prepare and make the best of it. I, for one, have been adjusting my 403B to a safer, more conservative portfolio for some time now. We have eliminated most of our debt. We haven't over extended ourselves with unnecessary "wants" and have trimmed down our "needs".

Yes, we can extend empathy to those struggling to make ends meets and the millionaire suicides like described in the Bed,Bath, and Beyond link above. Recessions hurt. My upcoming retirement plans will probably need realignment, but we will adjust and move forward like we have been for the past 50+ years.
 
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He would have only spent a few years in a very low security prison on a military base, he didn’t have to kill himself.

Imagine the trauma the kids are going through.
 
ZeeOSix said:
The stock market can be a dangerous adventure for some people.
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I do not understand short term investors; perhaps they do not understand me. We are, hopefully, emerging from a once in a lifetime event. My best money is my oldest money.
I have a bunch of stock, from my old company, that went from $730 to $430 YTD. I paid about $12 per share. The only mistake I ever made with it was listening to a Fidelity advisor tell me I was overweight and to use some to buy an Annunity. I canned Fidelity and moved everything to Schwab.

Schwab and I have a mutual understanding. We can discuss Lam Research (LRCX) and Tesla (TSLA) but I manage them. Schwab Wealth Advisory manages everything else.
 
ZeeOSix said:
"Stimulus cash" has long been spent. On-line sales sky rocketed everywhere due to the pandemic, not because people got a couple of $1400 checks 1.5 - 2 years ago.
Click to expand...
Lol...exactly! I think some people think $1400 means people were now able to renovate their entire house or able to buy that Porsche I always wanted. Why are construction costs so high? Must be that stimulus money. Why are vehicle prices so high? You guessed it, that stimulus money.

If $1400 2 years ago actually achieved what some people believe it achieved then it was the greatest stimulus in the history of stimulus!
 
JeffKeryk said:
I do not understand short term investors; perhaps they do not understand me. We are, hopefully, emerging from a once in a lifetime event. My best money is my oldest money.
Click to expand...
With exception of people who need liquidity now or who have recently retired and are getting hit with SORRs, this is a GREAT OPPORTUNITY! The market goes up and the market goes down but the market goes up more than it goes down and long-term investment could not be simpler or more fruitful. I'm not in the least bothered if it goes down more - stocks on sale? YES PLEASE! In the end, bulls make money, bears make money, and the pigs get slaughtered!
 
zzyzzx said:
I'm still looking for some BBBY memes.
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Hold you apes! I like the stonk…

TBH I do think there is untapped value in Baby. As a father of three that has been our go to for many things. I was in one recently and there was plenty of stock, plenty of people…

Thus I’d probably argue it’s worth more than $2/share or whatever the latest news claims… but debt on the BB&B business in a rising rate environment is an issue. It is interesting to see it play out, and maybe there will be another short squeeze if some big baby news comes out. But it’s a gamble for sure.
 
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