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Strategies & Market Trends : Value Investing
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To: deeno who wrote (28155)9/20/2007 4:28:17 PM
From: Bill Wexler  Read Replies (1) of 78523
 
I'm not claiming that people stop buying stuff. I am simply pointing out that it is a certainty that they will be buying LESS stuff and will be far more price sensitive.

When you think about it, you can deduce why the big box strip mall retailers (think Best Buy, Barnes and Noble, etc.) are having trouble. They grow by duplicating themselves, building more and more boxes...creating more capacity.

Well - we're now at a point where we have too much capacity, coupled with rising inflation (don't believe what the government reports, use your own eyes and common sense) and a near shutoff of what was once a massive income stream - consumers flush with cash from mortgage equity withdrawals.

If my analysis is correct, then current P/Es are at nosebleed levels.

Use any rally to sell or sell short.
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