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  • Benjamin Roth: The Great Depression: A Diary

    Benjamin Roth: The Great Depression: A Diary
    It's all here, times change people don't -the endless govt programs that fail to stimulate the private sector -the ups and downs of the economy, the veterans pension stimulates just as the housing credit did, until of course the money runs out -Roth is a attorney in Youngstown Ohio who kept a diary regarding the economy from 1930 until WW II breaks out, he is objective, candid, and forthright which is more than we get from Washington DC now or then highly recommended

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May 18, 2022

TGT Drops 25%

Wed May  18 2022

After re inventing itself as the new J C Penny, TGT earnings came in at 2.19 well below the expected 3.07.  Investors then shot it in the head dropping the stock price 25%, and that is just today. Other retailers are also being hit with the ETF Consumer Staples down.

In bull markets all news is bullish, In bear markets all news is bearish.

Screen Shot 2022-05-18 at 11.59.05 AM

this wipes out all the gains since January 2021, a drop of 38% from the Fall 2021 high.   Think how many billions that wiped out in mkt cap just in this one stock.

First the latest high fliers like Peloton, Teladoc, and other Covid stsocks tank.  Then the panic spreads to the more mainstream like TGT.  Gee TGT still made money in an online shopping world. And the market knows of the supply chain woes, they punished the stock anyway.

 

 

Posted at 01:03 PM in Socionomics, Stock Market |

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