Back on February 28th, I did a premium post, my first in a series of posts about shorting Dollar Tree (DLTR) and Dollar General (DG). Let’s just say that the timing was almost perfect, since the stocks would lift for just a few more days by a little bit before going into their own vicious, private bear markets. This morning, they’re both getting torched.
Indeed, I did a bunch of posts about these dollar stores, not only because the charts looked good, but also because I think (and wrote) that being poor is going to suck in this economy, and businesses which cater to the lower classes are going to suffer. It’s happening. Dollar General has lost about 25% of its value this morning alone:
