You can get, not one, but, count them, TWO shopping bags for that amount and receive change on top of that!
Posted on 02/24/2009 7:19:58 AM PST by Nachum
It’s not funny but my Mom isn’t collecting SS yet and her small business is on the verge of collapse. My husband isn’t laughing cause “momma from hell” may have to move in with us at some point. DAMN 0bama.
Doesn't anyone look at stock market charts?? It just stands to reason that if the majority of stocks for thousands of businesses trading in the markets fell by 50% (much more in most cases) then retail sales would also reflect the buying mood of the nation's spenders.
Who the heck is managing your 401k's? While expected earnings are down to next to nothing, there is no loss of earnings from previous years, and certainly no loss of the original capital, and the capital put into them over the past year.
What's depressing is the earnings, which amounts to around $200 per $100,000.
Unless you are allowing your 401k investment company to put your contributions into high risk investments, you shouldn't be loosing any capital, and even then, most reputable companies would have moved any funds invested in poorly performing higher risk options and moved them back into the bond markets to avoid losses.
That is what they did to Hecht’s in the Washington DC area, so now Macy’s (and Lord and Taylor, which Macy’s also owns) have all the same stuff, none of which I want to buy. Macy’s sent me some 20 percent off anything coupons, so I spent two hours in Macy’s last weekend looking for appropriate spring workplace clothing. All I found were little jackets that make anyone over the age of 12 look fat and squatty (which I am not), tight slacks, tight, capri-length jeans, dresses suitable for cocktail parties, an entire section full of clothing to wear to the gym, tunics suitable for wearing on the beach, and the suits that I might have been able to wear to work were uniformly frumpy. Until they start selling things people actually want to buy and wear, they are going to continue circling the drain. I bailed out and went to Bloomingdale’s. At least I can be seen in public in their wares.
No, Obama will have See,B.S. beam live coverage of Ramadan in Mecca so you can watch thousands of Muzzies walking counter clockwise around the "Ka'aba, then moving in to give Allah a kiss; one at a time, hour after endless hour, cutting away occasionally to cover other Muzzies at earlier stages of their pilgrimage, running between those two mountains, tossing pebbles at an old tree stump some camel jockeys dragged into Mecca a thousand years ago from the sea shore a few hundred miles away, which they think is the devil.
I get emails almost daily from Macy’s to promote their latest sale gimmick. Free shipping, 40% off, super duper bedding and mattress spectacular, etc. I was just thinking last week that their desperation makes it a good scenario to short their stock. Alas, I didn’t act on my thought.
This should change dramatically on the first of April. I plan to take my $13.00 and go to Macy’s and spend it. The following week I am going to Target and who knows where it will go from there. By the way, does Macy’s sell anything for $13.00?
You can get, not one, but, count them, TWO shopping bags for that amount and receive change on top of that!
“What are we going to do now on Thanksgiving morning? Watch the Walmart parade?”
probably
Hopefully every last one of them!!
I’m fine. Most of my cash is in gold & silver. The physical stuff; not paper.
Anything I lost in the market has been more than made up for in other areas. I’m well diversified...and still buying because bargains abound. :)
Be grateful for any profit.
The Macy’s logo predates the star that China uses, so why the hell should Macy’s change?
Her experience is common. My wifes 401K is down to about half of what it was 3 years ago. Plug that into the fact she works for one of the largest employers in the state of Texas, and making it an isolated incident is going to be tough.
Hate to burst your bubble, but Macy’s and Bloomingdales are under the same ownership. They don’t own Lord and Taylor.
Oh Lord, I can’t keep them straight any more. You are right, now. But at one time, Federated owned Macy’s and L&T. They sold L&T to some other group. You are a little slow on the uptake, though, this story is from last year. The great tragedy was the destruction of May Co., Bullocks and I. Magnin. I can remember being taken to the beautiful store that was Bullock’s Wilshire when I was a little kid to buy clothes.
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