The environment? Oh man, please don't get me started...... and one simple recession and people usually cut back on paying $4-$5 for a coffee...
Have no fear, there is no way they will let the stock index close at the session lows....WILL NOT happen. They must close it so the financial media can tell the masses the indexes closed near there session highs....GUARANTEED.
By environment I meant people come and sit for hours without being bothered. I see many house closings, private tutoring are done in Starbucks. In long term that will help. The way people spend in Starbucks, I feel even in recession, people will sell their kidney to pay for their starbuck's coffee. Another subject, BSV is up and it shows that financial organizations are reducing the possibility of rate hike in September. That might change next week but it is today's sentiment.
Oil down significantly today....over 7%... Now lets see how long it takes them to lower prices at the pump by about that much....I should be paying under $2.75 this week but I guarantee prices will.still be north of $3.00.....
Ok it's 2:15 cst. Start looking for a lift off the intraday low. YM now sitting at 17535. I expect it to move up to 17600 by the close.