Lundgren Team News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Spare cash . Whats the consumer buying . These are the questions that plague all Portfolio Managers as they try to follow the money. Right now theyre leaving you in some shocking directions including today where the dow declined. Nasdaq also dipped 3. 2 . First let me just say the single biggest buzz on wall street today, the most salient gut wrenching story is this shocking decline in the business in the stock of the iconic retailer that is macys. While few people actually expected macys to do well in an environment where the globe seems to be warming right in front of our very eyes, todays s...

Heres the rub. It may feel familiar in terms of the magnitude of the decline to mr. Lundgren, but it isnt familiar when it comes to the reasons for the dropoff. The last time we had such a sharp decline in sales as lundgren talks about later in his Conference Call was after the fall of lehman brothers. Sales just stopped back then. That was the recessisi and then morphed inin the greatest recession. Were not experiencing anything like that cataclysmic systemic event right now. In fact, this is whats so hard to understand. Its just the opposite. Last friday we had the best employment report in ...

Nasdaq also dipped 3. 2 . First let me just say the single biggest buzz on wall street today, the most salient gut wrenching story is this shocking decline in the business in the stock of the iconic retailer that is macys. While few people actually expected macys to do well in an environment where the globe seems to be warming right in front of our very eyes, todays sharp selloff on some really bad earnings kind of took our breaths collectively away. As the chairman and ceo said at the very beginning of his really i think very disconcerting Conference Call, we had a very tough quarter. We are ...

Today, the most salient gut wrenching story is this shocking decline in the business in the stock of the iconic retailer that is macys. While few people actually expected macys to do well in an environment where the globe seems to be warming right in front of our very eyes, todays sharp selloff on some really bad earnings kind of took our breaths collectively away. As the chairman and ceo said at the very beginning of his really i think very disconcerting Conference Call, we had a very tough quarter. We are clearly disappointed with the 3. 6 decline in Comp Store Sales of owned and licensed bu...

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