FAANG stocks are down 1.47% on a median basis. Therefore, the NASDAQ is sharply lower. When 5 stocks comprise of $2.5 trillion in market cap, there isn’t much else that matters. Wealth has been st0ckpiled in a select few, chosen, corporations. Pretending that we live in a pure capitalistic society is utter nonsense, when anti-trust laws are virtually non-existent.
Year to date, oil and gas drillers are down 37%.
Department stores are down 31%.
Why are you buying these stocks?
Do you believe that, somehow, by miracle, your foray into the sector will market the turning point and you’ll end up grand, gay and rich?
Will people, all of a sudden, close their Amazon accounts and bicycle to their shopping mall to buy a build a bear and drink disgusting Starbucks coffee?
On that point, I ran a poll on Twitter yesterday, answered by over 350 people.
The results speak volumes as to the headwinds SBUX shareholders face. No one likes their coffee. This is not like McDonald’s, where low income people depend on their burgers to feed their families. No one ‘needs’ coffee. It is, essentially, a luxury item that is suffering from inverse corporatization.
Which coffee house do you prefer?
— The_Real_Fly (@The_Real_Fly) July 31, 2017
I don’t like much here, maybe gold. The dollar is weak again and everyone is on vacation. Trade lightly and steer clear of the murderholes.
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SBUX made a YUGE mistake by positioning themselves as Never-Trumper SJWs during the last election cycle. Now they can’t overcome this stupidity without further alienation. Should have just kept schtum.
The short, unhappy life of true ‘populism’ under this POTUS:
https://www.bloomberg.com/news/articles/2017-07-31/44-income-tax-rate-backed-by-bannon-isn-t-on-table-trump-aide
SBUX has hoodwinked brain-dead lemmings for years into thinking that giving coffee cute sounding fancy names and marking up the prices bigly makes for good coffee.
What people have not caught on to yet is that after 1-2 months of Starbucks coffee, they’ve spent the equivalent of the expenditure for a Nespresso machine.
People are lazy and in too much of a hurry to enjoy their pitiful existence.
Starbucks sells sugar. They don’t sell coffee. Sugar is a horrible business these days.
That said, their reserve coffees are better than Counter Culture or Stumptown or any of the other “craft” roasters.
Fly- Nonwithstanding you personal coffee sourcing… do you recommend a particular brand of beans or ground that is readily available at Whole Foods or other fine retailers?
I’ve tried Ceremony coffee, which is said to be an esteemed local favorite. I think it tastes awful. Maybe I need to acquire a taste for it.
I won’t recommend beans but our home brewed coffee experience was transformed when I bought my coffee-addicted wife a Technivorm Moccamaster with thermal carafe.
Plenty of shitty coffee makers before that one, and up to that point they were all the same to me–this is the only one that completely changed the taste of the coffee.
Long GLD XLE FXE until trump gets curbed