House of Cards ready to fall

Hi Billdick.

How do you like living in SP?
I moved to Buenos Aires 3 years ago, when the property market was screaming "buy me" and then we just forgot to leave.

Although we still roam around the globe, more and more we are finding that the best life styles lie in Arg/Brazil.
Living in BA and wintering in Brazil is a perfect combination for us.

 

Does this look like the house of cards of consumer demand thats about to fall?

http://www.bloomberg.com/apps/news?pid=20601087&sid=auBtO27tv2PY&refer=home

Or this:

SHOPPERTRACK: U.S. RETAIL SALES UP AT LEAST 23% Y/Y IN REMAINING SHOPPING DAYS OF THE SEASON
-12/22-23 Total U.S. Retail sales up 22.5% y/y to $16.5B
-Preliminary "Super Saturday" 12/24 Retail Sales are tracking up 62% y/y to $8.72B (Black Friday was $8.96B)


A friend said: longs need shorts to cover their positions to accelerate the ride up.

 

lol the same people said this today also. so just like all the black friday hype people talking out of both sides of there mouth. as i recall these same people hyped black friday then shut there mouth. consumer spending will tank in january




Monday December 25, 10:14 am ET
By Anne D'Innocenzio, AP Business Writer
Merchants Look to Post-Holiday Sales to Meet Goals After Last-Minute Shopping Falls Short


Bargain hunters and latecomers flocked to stores this weekend as the retail industry made its last big push for pre-Christmas sales with increased discounts and other come-ons.
But the late-buying binge was not enough to meet sales goals, and retailers are now turning to post-Christmas business to make this season a merry one, according to one report from a national research company.

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"These were big days, but they came up short in terms of traffic and sales," said Bill Martin, co-founder of ShopperTrak RCT Corp., a research firm, referring to this past Friday and Saturday. ShopperTrak monitors total retail sales at more than 45,000 outlets

 

Here we are one month later, no major selloff yet.

 

And the fool that started the thread is also gone, after a margin call on his short positions from December.

 

My oh my, eagle488 made a great call imo. Indices are chugging along pretty much horizontally since his call and some big household name growth stocks are off their highs and he didn't say he would be shorting either. Probably enjoying some sun down south with profits he took.

 

eagle you are going to be proven wrong once again

 

Dontcha mean "thehangingman" as he now calls himself.

 

safehaven.com, tends to be right in bear markets, but always wrong otherwise

it's the nature of a perma-bear

if you want to be taken seriously, dont quote perma bears or perma bulls

 

Oops should've checked the original msg again rather than relying on my memory on something I'd read a while back. Still a good call imo.