Went To The Mall Today

condorll · Nov 23, 2008

Quote from Arnie:

Same here. Malls packed. I could not even get in the parking lot at Trader Joes yesterday. At Whole Food had to wait for parking space. Been like this for weeks.

One thing you need to keep in mind is that media no loger reports "news". There job is to scare you 24/7.

Same here, Malls and Costco parking lots overflowing yesterday with city police watching and directing traffic.

Haven't seen shoppers out like this in months.

1nibbler · Nov 23, 2008

gnome · Nov 23, 2008

Maybe it's because any of us who have more than 2 nickels to rub together realize NObama and Pelosi plan to confiscate our wealth and distribute to ne'er-do-wells and illegal immigrants... you know, so they can "have the kind of lives they deserve"..

They'd rather spend it than have it taken away by the DemoCrap Socialist Bastards... :mad:

Landis82 · Nov 23, 2008

Quote from short&naked:

Americans are addicted to shopping and are spending money that they don't have. Every thought of that?

Ever thought that you have an "axe" to grind and are talking your position and/or trading style?

I simply made an observation in regards to a large shopping plaza in the San Francisco Bay Area suburbs in a county where the unemployment rate ( which was at 4.9% in Sept. of 2007 ) is now at 6.7%

What some of the typically biased (in a "vacuum") "perma-bear" posters on ET don't take into consideration is the fact that in economically diverse areas there has been steady job growth over the years . . . So even though the unemployment rate as a percentage of employed workers has gone up, there still has actually been enough job growth to cancel out the higher unemployment rate, and in some cases there has actually been net/net job growth.

The county that I made my observation in has a total of 532,000 employed workers; +5% since 2004.

Landis82 · Nov 23, 2008

Quote from MKTrader:

Two other factors here:

1) Unusual number of sales and very low prices.

2) Over the last few months, the commuting employed population (still the VAST majority of the US excluding kids and elderly) have saved hundreds of dollars per family on gasoline...and are saving more each week. These billions of dollars will either be spent, saved or used to pay down debt.

The first factor delights the permabears; the second one doesn't.

Excellent point.
I really do think that seeing gasoline prices get cut in HALF here in California is having a stimulative effect on shoppers and their retail consumption.

jd7419 · Nov 23, 2008

Went to Costco yesterday to get a new car battery. The place was jammed packed with people buying stuff not broswing. At costco you gotta pay with cash or debit card so not cc activity there. I live in Long Island though which probably isn't representative of the rest of USA.

Illum · Nov 23, 2008

Petsmart in NJ

Just went to get the dog some food and a collar yesterday. Jammmmmed

overspool · Nov 23, 2008

OMFG THIS IS SOOOOOO AWESOME IM GOING TO GO BUY A BUNCH OF STOCK!!!!!!!!!!! THANKS GUYS.

You retards.

jficquette · Nov 23, 2008

Quote from scriabinop23:

On a friday midday in Costco San Diego this week, same story. Barely any free parking spaces.

The Carlsbad one? That one is ALWAYS packed. Its amazing.

Landis82 · Nov 23, 2008

Quote from gnome:

Maybe it's because any of us who have more than 2 nickels to rub together realize NObama and Pelosi plan to confiscate our wealth and distribute to ne'er-do-wells and illegal immigrants... you know, so they can "have the kind of lives they deserve"..

They'd rather spend it than have it taken away by the DemoCrap Socialist Bastards...

Ron, with all due respect you really need to calm down and stop with all of your partisan fear mongering . . . Given the softness in the economy and our frozen credit market - - - no one in their right mind is going to RAISE taxes on any income group for the next couple of years.

http://news.yahoo.com/s/nm/20081123/pl_nm/us_usa_obama_taxes