Monday, September 11, 2006
Oil Down= Strength in Retail
Does that make sense?
I suppose from a pure mathematical perspective, people will have more money to spend with lower prices at the pump. But, speaking from experience, I never get motivated to go buy my wife a Coach bag, because the fuckers at Exxon decide to charge me $2.75 a gallon, instead of $3.25.
Do you?
Right now, the retail index is up 1.85% for the day.
Stocks like BBY, UARM, ZUMZ and BBBY are off to the races.
It doesn't make any sense to me. Sorry.
NOTE: Despite the surge in the SOX today, SIRF and RACK are down. Perhaps the stock God's are shining on me again?
NOTE II: So far, according to the new "Fly Survey," 76% of you are bearish.
I suppose from a pure mathematical perspective, people will have more money to spend with lower prices at the pump. But, speaking from experience, I never get motivated to go buy my wife a Coach bag, because the fuckers at Exxon decide to charge me $2.75 a gallon, instead of $3.25.
Do you?
Right now, the retail index is up 1.85% for the day.
Stocks like BBY, UARM, ZUMZ and BBBY are off to the races.
It doesn't make any sense to me. Sorry.
NOTE: Despite the surge in the SOX today, SIRF and RACK are down. Perhaps the stock God's are shining on me again?
NOTE II: So far, according to the new "Fly Survey," 76% of you are bearish.
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Retail moving up? BBY reports tomorrow. Perhaps up in sympathy. I want to do an options stranggle with options expiring this Friday.
Does oil down = tech up make sense? Maybe, if you think money flows out of energy and in to tech. But I would think investors would move to cash first.
Does oil down = tech up make sense? Maybe, if you think money flows out of energy and in to tech. But I would think investors would move to cash first.
While I get what you're saying, your analogy between the Coach bag and gasoline isn't quite right. Coach is a luxury so some people will never buy one, even if gas goes down to 60 cents a gallon. OTOH, maybe if gas goes down, some people will be inspired to eat at restaurants instead of at home, or maybe splurge on either more of or a higher quality of necessity.
# posted by 
: 3:10 PM
: 3:10 PM
RTG:
I made that comment tongue in cheek.
However, I do agree with people buying an extra soda pop at the Pantry, while saving 5 bucks on their gas.
Hence, PTRY is going thru the roof.
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I made that comment tongue in cheek.
However, I do agree with people buying an extra soda pop at the Pantry, while saving 5 bucks on their gas.
Hence, PTRY is going thru the roof.
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