Good morning, everyone. Nice to have you back.
I noticed with interest this morning that the top three decliners in pre-hours trading were all retailers (women’s retailers, if I’m not mistaken):
Something I Slipped On
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Retail Wrecks
One by one, retailers are blowing up. Don’t believe Kudlow or Mnuchin. They’re liars. The economy is heading into a cataclysmic recession.
Pier-less
I don’t think there’s been any stock in Slope’s history that’s received more abuse than Pier One, and with good reason. For the past couple of years, I have been contending it’s going to ape is collapse from the financial crisis. Well, this morning’s 25% drop helps.
Retail of the Damned
Below are a couple of opt-mentioned retail stocks that seem headed for a price closer to zero: Pier One and Chico’s.
Retail Bomb
Chico’s Keeps Sinking
Mentioned many times here on Slope. I suspect much lower prices are still ahead.
Retail Short
In honor of Sears’ demise today, may I offer this short idea: the retail exchange-traded fund:
