If you had to pick just one name, one brand…….a single company that just “screams America” like no tomorrow – which company would it be?
Walmart Stores reported disappointing earnings for its fourth quarter and fiscal year, citing domestic problems like severe storms, cuts to federal benefits, an economically struggling customer base and international uncertainties like currency fluctuations.
The company announced on Thursday that profit in the fourth quarter, which included the pivotal holiday shopping season, was down 21 percent from the same period last year!
Down 21% from the same period last year!
Storms? are you kidding me?
Cuts to “federal benefits”? you can’t be serious…
An economically struggling customer base? No shit.
And my personal favorite “uncertainties like currency fluctuations”…..Walmart concerned about “currency fluctuations”? ( Now that’s just hilarious as…again “no shit” – your own local currency being taken to the woodshed by the Fed!)
By the time you’ve got Walmart in your sites ( as pretty much the lowest common denominator ) and even “that’s a miss”! You’ve really got to ask yourself….seriously…..
What’s with all this talk about recovery?
Get the lipstick out man ( perhaps purchased at a .99 cent store? )……this pig needs a touch up.
About 20 percent of Walmart customers use foodstamps. Due to cutbacks, it’s really a shame many Americans won’t be able to get as many of their cheap goods for free anymore! (Yes, I’m being Sarcastic! lol).
Don’t even get me started….he.he.he….
I literally had to edit that post ( mentally ) like 10 times as to not drive the point home any sharper, but of course……stocks climb higher.
Past comical here, but…..hey – for the 1% making money there in the U.S – all power to ya!
Pretty strong rejection of this mornings high for eurusd. Even though the last few weeks sideways move in the yen and sort of annoying spx action have been boring and frustrating I’m more confident today that the positioning is correct. Probably another day or two of poop. And then it’s on
The postioning is correct for sure man….
Just more “pain in the ass intraday action”.
We will soon be very happy.
I sold USD/CAD for 202 pips, and will look at re buy.
Good job! I hope I don’t regret it but I held USDCAD with the intention of adding at some point. I’m getting close to as much yen exposure as I’d like but I’m pretty light on USD exposure.
Any interesting travels this weekend Kong? I’m dying to get outta Canada soon for a trip
Im up to Isla Mujeres just off the coast near Cancun on Tues….
It’s a fantastic lil Island, fishing village…even some ruins.
Otherwise….been looking at “La Paz” on the pacific side / Sea of Tropez for a possible move…but nothing set in stone.
happy as in ??
Aussie also going down ,, ?
You bet Farhan…
I’ts turning…..slowly…as all currencies are moving slowly now…
I’ve closed my aud/jpy as well as aud/usd. Looking at eur now. Kong, What’s your view on eur?
The US has been pumping out poor data for the last 2-weeks straight – with housing starts & permits and some record lows since 08? or something to that effect??? then yes the Walmart data… the benchmark of the US consumer DOWN!! One has to wonder how much more can the pig take before in needs a full blown make-over….!!! Reconstructive surgery anyone ( reduce taper )
Still getting killed on the Short USD/CAD trade….. wont’ hold much longer….. to the woodshed I have come & gone… I think those 200 odd pips Dr. Kong (118) I just handed over to you….LOL ahh well…. I would think next week the DXY should continue it’s move lower with the Daily Neg fire playing out…. with 2hr & 8hr set-ups I may get lucky to break-even on this trade…. LOL
PM’s must resume next week & with conviction – after a great sideways consolidation week….. A surprise I must admit…
The bulls really need to get the ball rolling here to squeeze those shorts….. something they have yet failed to produce ” Short-Squeeze” the opportunity is there….
USD has swung low…..and sets up for at least a couple days higher.
The “soon to be downsloping 200 SMA” a reasonable area to see things stall.
I’ve posted / long USD ideas for some time now….but with little confidence in a sustained rally…so – may be you can hold thru – maybe you can bail.
My feelings would be that you could hold thru, and catch break even / win but……you may endure a couple more days of pain.
I’m using whatever strength in USD over coming days to bank small profits and get to cash / flip short.
I will likely be in cash by Friday of next week regardless.
Miners to pull back , and get set for re load / lift off.
Thanks buddy – I have some room still….
Looking @ USD/JPY – have something building on the 8hr & Daily
Gold & Silver 2hr & 4hr…… something is going to pop there – direction should be higher – waiting on confirmation…
Thursday Yellan is speaking…. 27th just before months end….. should be interesting…
Have a good one
Wouldn’t want to be short CAD today because of a major gold find…….In men’s hockey!! Haha
wow……ya I just heard.