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Nate Nagel Nate Nagel is offline
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HeyBub wrote:
George wrote:
But you forgot the cause and effect. Big Box came along and told us
the only thing we want is cheap, cheap, cheap and they delivered on
the promise. Some call it the Walmart syndrome. Give most people a
choice between quality at a fair price and cheap, cheap, cheap and
most will pick cheap. So we get what we have been trained by big box
to want.


There are thirty companies whose stock makes up the Dow-Jones Industrial
Average. Of these, 29 are down. Some WAY down (GE from $41 to $17, 3M from
$89 to $59, GM from $40 to $4, H-P from $53 to $30).

The only one that's up? Walmart. (WMT from $42 to $50).


Dear God that is scary. The fact that Wal-Mart is up is even more
frightening than that others are down. Cheap Chinese crap is going to
take over the world.

Me? I am just riding it out. I was too slow to sell so I might as well
hold, it's going to be 30+ years before I need any of it anyway.

nate

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