This may not seem like a big deal, but its little things like this that I like to watch and in fact speak volumes. Google the phrase.... "Salvation Army donations down" You'll get pages and pages from cities across America where this is in fact the case. ....its the little things. The bear stirs. Oooor ... you can blame it on AMZN I guess. * note.... Ezikiel Elliot jumping in an end-zone kettle after a Cowboy's touchdown yesterday did seem to boost the Dallas numbers. Hahaha... He is good... I'll give the Cowboy's that.
Actually I think you'd be better off just looking at a chart of GS stock. Damn thing looks like its re-living the fall of 2007 (the "let's offload this thing to the bagholders first") kind of move.
The guy who they made the movie "The Big Short" about was on CNBC this AM and he is betting the farm that the financials are getting ready to go much MUCH higher.
Yeah its for real. Little things like that provide valuable insight into the American consumer. Sure its just a little thing, but you get enough little things and before you know it, ....you've spotted a trend. Little things add up. This one... ahhhh,.... it could easily be explained away by Amazon and people avoiding the brick and mortar stores. But here's something for you... Amazon reports 1/26/17, 6 days after the inauguration... and you can take this to the bank... their numbers are going to be the greatest barometer of the American consumer's health that we will see in the next SIX months going forward. Far better than ANYTHING that comes out of the U.S. Government data miners. 1/26/17 will be a market moving event. One way or the other. Me thinks its DOWN.
I can never trust those interviews where people talk about their positional bias. If you pay close attention, you will notice that the "big dogs" will declare their bearishness near market bottoms and their bullishness near market tops. Safe to assume they are simply trying to sell the lemmings their positions (or buy it from them)...Remember in early September when the financial press suddenly decided to float the "ECB buying equities" rumors? A week later the market cratered.