Wednesday, November 10, 2010

The Walmart stock market

Last night I needed to get some headphones for my iPhone, so I stopped at the Walmart store, and I thought maybe I would pick up a DVD also.

The $5 bin.

No-one was interested.

The $7 rack.

No-one there either.

Wait a second--somebody is looking for a DVD in the $7 rack! You don't get a view like that shopping at Netflix!

The $13 and $20 racks were busy but no buyers.

Why? Because they would just as soon spend the buck to rent!

And that's this market. The stocks in the bargain bins suck, and the stocks that are good are too pricey.

Because everyone just wants to rent them!