Quote:
Originally Posted by lewdog
Between inflation and this insane labor market where we pay people 20-30% more than what a job is worth, these companies are being "squeezed" by their normal standards as the cost of doing business is through the roof on all sides. No way to control costs. Many companies have high valuations still, so we are finally seeing these blue chips being brought down to match the rest of the market.
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The day it happened, I saw it was Target's biggest one day drop since the '87 market crash. Two days after Walmarts biggest drop since '87. I'm surprised the companies didn't kind of shoot out a heads up ahead of time
I had been starting to think it might be time to move in as we were nearing 20% down but this has been pretty concerning. Even the recession plays, like the dollar stores got smoked 10% or more. Just carnage