11 replies to this topic

[Drano]

One caution about sales figures at CostCo. They sell a lot of gasoline. Especially as prices rise people make an effort to buy there as it's significantly cheaper than full-service gas stations. That's got to be contributing to their profits (note that they said their margins had improved). I've definitely noticed in the last year that a better dressed, seemingly more affluent clientele is shopping at Costco now. I also see far fewer luxury items in carts, and more foods and inexpensive clothing. Best Buy's relatively poor results in what amounts to a vacuum for electronics retailers also is a tell on the lack of strength of consumers.

[danzman]

I've subscribed to Gene in the past.
He was correctly very bullish at the time.
His recent cautiousness has caught my attention.
I don't read "end of the world" stuff here but simply that there are issues which are being digested but as yet unresolved.

He's been talking things down for a year as I recall. I've read his stuff since 1998. I'm not impressed. Gene is a "shades of gray" timer. Not too black and white even with his VST futures stuff. Sorry

D

Whomever you pick, make sure they don't even talk about the economy. That has nothing to do

with short-term trading. Seriously. Just buy and sell signals. Anything else is just fluff and filler.


D

I think you got it right. But for people like me who trade IT to LT, economy
is an important factor. Actually the overriding factor. If this board is only
for ST traders, then economy should be OT.

You might be surprised. I've developed an IT system that does very well. Just follow the money trail. No economic crappola needed. It's 100% mechanical. You just have to do a lot of research.

D