Sky123987, I can only tell you S/R. Every single S has been blasted through. I have two partners. We see people blowing out of the CBOE floor almost on a weekly basis. No one knows. This market is brutal, but it can get downright vicious if we go into a depression. Trade very small. Don't gamble.
They are a dinosaur. Most people buy those things online now. My guess is that they will be dead meat soon.
The best assessment is to simply make a few visits to a Sears store and see how much retail customer activity is taking place. I went to a local CircuitCity yesterday to check it out, had more staff walking around the store than customers. No one is buying big ticket items e.g. TVs.
I really try not to come off as arrogant, and I know better than to assume I'm above average in intellectual capacity or street smarts - but I can't deny that my instincts have been almost uniformly correct lately. In the interest of self-deprecation, I'll call it ' being lucky.' I can't help but agree with your assessment 100%.
Damn...gotta be a way to make money trading that from the long side.....need to start looking at some pairs to trade it with. As for the big box retailers, price rules, not a chance most consumers will prefer to pay more and go through the little guy. As for radio shack, I hope they survive, only place i know to find misc cables, electronics, etc.
Its been my impression at both stores that the employees don't mind conveying the impression that they could care less if you shop there.
Went to my local Kmart tonight with my wife to kill some time. The Kmart by me has looked like a dump for the last 10 years and even though its been a year since I been in there, tonight was no exception. Prolly one of the slower times being a Wednesday early evening but it was alike a ghost town. One check out person and no wait. We then went to bestbuy and while it looked better I can say they were much busier. I made a comment to my wife that the best thing about the economic down turn is that we are able to find deals on just about everything we want to buy : o )
A Sears bankruptcy would be good news for me. I can't wait to see all the mega malls go extinct. They're so bland and non-cultural.