Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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Nov 13 4:00 PM EST

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To: Wayners who wrote (8629)	8/12/2010 6:57:36 PM
From: tdl4138	Read Replies (2) of 218769

Read the other day that a survey, by I believe Morgan Stanley, showed Walmart had raised their prices 5.8% while the average grocery chain had only raised just over 1%. In my area Walmart is no longer advertising "Rolling Back the Prices". Not a big deal....but they are the largest retailer on the planet. Sam's Club is also open to the public for the month of August....no membership required. Why would they do that? Isn't business growing? Some prices seem to be dropping while others are moving up. There doesn't seem to be any rhyme or reason. Local Chevy dealer had a leftover PU with an msrp of $41K. The salesman was falling all over himself touting the 5K rebate. When I asked him what the dealership was discounting he looked surprised and repeated there was a $5K rebate. When I pressed the issue he told me they might find another $1K....That was a few weeks ago....the trucks still sitting there. Farm equipment is another example. The dealers have no inventory on the lots. Of course you can order anything you need or they might be able to do a dealer locate. But the discounts are minimal. Used tractors are bringing strong money as new units are scarce. None of this makes much sense in a slowing economy. If a retailer believes he has pricing power the cost goes up. On the other hand, if they have to move inventory the prices are dropped hard.

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