Vacuum Cleaners Discussions

Early news reports in the USA are saying the London financial markets nosed dived today in the worse downturn ever.  This comes on the heels of a 4 percent drop in the Dow Jones Industrials last week alone.  Since today is a Federal Holiday in the US in observance of Dr. Martin Luther King the financial markets are closed.  Not sure what impact the London market fall will have on the US markets--have to wait to see.

What and how long will it take jaydee to realize that he needs to enter the low to middle price range vacuum market to stay competitive in the USA in the big box stores' venue?

Any news yet on the 2007 dyson sales? 

Carmine D.

Hello HARDSELL:

That's funny.  Sad to say, WM contracts with companies and businesses that use Chinese vendors/similar for 80 percent of its products.  If you saw the size of the ships that carry the goods here from there, which pail most in the water in size, it would amaze you.

A brand new Wal*Mart store opened in Vegas.  Going green.  Sky lights provide the light for produce.  One of many in LV and doing well.  Especially now in hard times.  Aisles full of people.  Goods flying off the shelves.  Cheap goods.  I checked out the vacuums.  Dysons gone from display and no dyson cartons.  Not selling.  GE canns sold out.  BISSELL power force [$44 retail] sold out on the shelves.  I asked about it.  Was told more are expected any day.  From where?  Another nearby WM store which has them in stock. 

That's the reality of business today and consumer buying.  When the bluist of the blue chips [Bear Stearns] can go belly up, people start to worry.  Stop spending.

Carmine D.

HARDSELL:

PS:  I read recently that the oldest house of ill repute [prostitution] in Hamburg Germany closed down.  Why?  Lack of business.  Seems hard times even affect the oldest profession in the world.

Carmine D.

CarmineD wrote:

We all know that people in Vegas aren't spending on the best vacuum.  They need all the change they can get for the slots (machines and oterwise).

Dyson does very well in the southern WM stores.

HARDSELL wrote:

Hello HS:

I read the average annual income here in the Silver State is $75K. 

How does that compare to your state?

In case you can't figure out all the zeroes, it's $75 with 3 zeroes [000] and then a decimal and two zeroes [.00]. 

Carmine D.

Hello Venson:

The zeal over the aggressive Fed action to cut both the discount rate and Fed funds rate was short lived.  The 400 point Dow gain on Tuesday was given up yesterday.

Bear employees thought the $2 a share price was a typo.  Instead, thinking it was supposed to be $20.  They were shocked.  The 14,000 employees own 30 percent of the company stock.  They will fight and protest the buyout by JP Chase Morgan but to no avail.  US government will prevail and it is behind the bargain basement buyout price.  Just like the Japanese did in the early 1990's when the weak failing banks were gobbled up by the bigger banks to save the banking system.

Many Bear employees thought the bag pipe playing during the Monday St. Patrick's Day Parade was a funeral dirge for Bear Stearns. 

Carmine D.

CarmineD wrote:

Is that 75k per family with 2 working?   How many total per family.

Why is the decimal and two zeroes necessary?

Hello HARDSELL:

Good question.  It's household income.  It can be a single person in an apartment and/or a married couple with children and all living in a house.  It's the average annual income of all residents in the state. 

The decimal and zeroes is for full and complete disclosure.  $75K; $75,000; and/or $75,000 are all the same.  Don't really need the comma either after the $75, but it's more correct to include. 

Carmine D.

Venson:

I forgot to mention that a year ago, Bear stock was $160 per share, 3 weeks ago $85 per share and today $2. Unbelievable for a firm with 85 years of history, 5th largest in the industry, that weathered the Great Depression and many business cycles after.

Carmine D.

Anyone know the bonus money paid to themselves for the last few years of losing peoples financial futures?

Lucky1 wrote:

Hello Lucky:

The Wall Street Journal did a recnt article on just this issue.  I haven't had time to digest and post.  I will in the next few days.

Carmine D.