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  1. #3921
    ShareTrader Legend bull....'s Avatar
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    New Zealand retailers are reporting a 15 per cent drop in sales

    https://www.stuff.co.nz/national/hea...ecimates-sales

    probably affecting most i would say
    one step ahead of the herd

  2. #3922
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by bull.... View Post
    New Zealand retailers are reporting a 15 per cent drop in sales

    https://www.stuff.co.nz/national/hea...ecimates-sales

    probably affecting most i would say
    That's extremely UGLY and that's before any widespread concern over community transmission of the virus.
    Begs the question of how bad its going to get when there is widespread concern over community transmission ?
    Last edited by Beagle; 10-03-2020 at 09:30 AM.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  3. #3923
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    Cauta will still buying...not matter what happens...

  4. #3924
    ShareTrader Legend Beagle's Avatar
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    He can have as many as he likes as far as I am concerned. I am quite surprised by the extent of the retail slowdown at this very early stage and I think its a very ominous sign for the future.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  5. #3925
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    Quote Originally Posted by King1212 View Post
    Cauta will still buying...not matter what happens...
    Yeah like anyone else who’s logical they’ll either wait this out with cash on the side or DCA. The virus will absolutely increase in count in the coming months but if you think it’ll lead to a standstill in businesses everywhere I want you to sell me a unicorn

  6. #3926
    Speedy Az winner69's Avatar
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    Quote Originally Posted by Beagle View Post
    He can have as many as he likes as far as I am concerned. I am quite surprised by the extent of the retail slowdown at this very early stage and I think its a very ominous sign for the future.
    suppose what happens when fear and panic is fueled by the media and social media

    And Sharetrader has helped in this respect I reckon
    Last edited by winner69; 10-03-2020 at 09:49 AM.

  7. #3927
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by winner69 View Post
    suppose what happens when fear and panic is fueled by the media and social media

    And Sharetrader has helped in this respect I reckon
    Good point that HLG marketing is really plugged into social media channels...and all those people on their fakebook and other social media channels now saying "stay away" from shopping malls.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  8. #3928
    Speedy Az winner69's Avatar
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    Quote Originally Posted by Beagle View Post
    He can have as many as he likes as far as I am concerned. I am quite surprised by the extent of the retail slowdown at this very early stage and I think its a very ominous sign for the future.
    Punters spent too much on Powerball ....and loo paper .....and other shopping off the list at the moment

    A buck can only go so far.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  9. #3929
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by winner69 View Post
    Punters spent too much on Powerball ....and loo paper .....and other shopping off the list at the moment

    A buck can only go so far.
    Good insight mate.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  10. #3930
    always learning ... BlackPeter's Avatar
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    Quote Originally Posted by Beagle View Post
    That's extremely UGLY and that's before any widespread concern over community transmission of the virus.
    Begs the question of how bad its going to get when there is widespread concern over community transmission ?
    I would take these numbers with a grain of salt. You remember ... "is it true or did you read that on stuff?'

    Fake news are free.

    Man on Radio NZ this morning talked about a significant increase in supermarket purchases - he said last week was only comparable to the usual pre-christmas madness and he expects this to continue for the coming weeks.

    I suppose as well outstanding margins - or do they discount toilet paper, hand sanitizer and face masks these days?

    Last time I checked supermarkets have been retail as well.
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

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