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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (215549)	8/13/2009 11:49:12 AM
From: Bank Holding Company	Read Replies (1) \| Respond to of 306849

The Crash was this morning. Down 40 points. Clear sailing now.

To: Smiling Bob who wrote (215549)	8/13/2009 12:43:01 PM
From: ggersh	Read Replies (2) \| Respond to of 306849

"I'm smelling crash today/tomorrow." WOW! Foreclosures at record high, retail sales terrible, why would we crash? Oh, forgot bond auction!

To: Smiling Bob who wrote (215549)	8/13/2009 6:02:21 PM
From: MulhollandDrive	Read Replies (3) \| Respond to of 306849

i was doing my monthly costco run last weekend and saw something i've never seen before.... the majority of the shelves were EMPTY about half way up....you could stand in one corner of the store and pretty much look all the way across to the other.... at first i thought perhaps, as was suggested to me, that they were 'selling out the store', but based on the WMT results and costco's prior earnings, i'm leaning more toward the explanation they are keeping their inventory level very low, using the "JIT" model...iow, they are not keeping any more inventory in store than is absolutely necessary.... this is both a smart(short term) and potentially dangerous thing to do for retailers....i spent some time shopping this past week for clothing items for a trip, and i was shocked at the lack of selection and the horrible quality (even at nordstom's)....i ended up purchasing NOTHING...so is this the new normal? retail sales sucked big for july.....judging from my shopping experience, it is easy to see why....i wonder how bad it will be for the fall/xmas shopping season...could be scary bad, especially considering the amount of consumer $$$ pulled forward and shifted away from other discretionary items to CfC...