And, there are 6 less days between Thanksgiving and Christmas than we had last year! That's the bad news, the good news is E-Commerce sales are up 17.3% as it's Brick and Mortar that's dying, not Retail on the whole. We'll see how XRT performs, we're short the ETF but it's not a good picture of retail because it includes RAD, SWY, AMZN and EXPE among it's top holdings – not a pure play on brick and mortar operators...
AMZN, in fact, will be flirting with $400 this week (where we will short), especailly after Jeff Bezos threatened to unleash his drone army upon America in last night's 60 Minutes interview.
Sure, it's a great idea to give an egomaniacal Billionaire permission to privately operate thousands of army-quality drones across the country – what could possibly go wrong (and now I have an idea for the next James Bond film!).
Actually, the business I'll be going into is selliing EMP guns to people who want to see free goodies drop from the sky!
We're also waiting for our equity markets to drop from the sky but no luck there as we continue to defy gravity and, according to Nobel Prize-Winner, Robert Shiller, logic!
"I am not yet sounding the alarm. But in many countries stock exchanges are at a high level and prices have risen sharply in some property markets," Shiller told Sunday's Der Spiegel magazine. "That could end badly," he said.
"I am most worried about the boom in the U.S. stock market. Also because our economy is still weak and vulnerable," he said, describing the financial and technology sectors as overvalued.
"Bubbles look like this. And the world is still very vulnerable to a bubble," he said.
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