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Tansy_Gold

(17,817 posts)
Wed Jun 8, 2022, 04:53 PM Jun 2022

STOCK MARKET WATCH -- Thursday, 9 June 2022

STOCK MARKET WATCH, Thursday, 9 June 2022



Previous SMW:
SMW for 8 June 2022





AT THE CLOSING BELL ON 8 June 2022



Dow Jones 32,910.90 -269.24 (0.81%)
S&P 500 4,115.77 -44.91 (1.08%)
Nasdaq 12,086.27 -88.96 (0.73%)




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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)


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Currencies:













Gold & Silver:






Petroleum:



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This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

6 replies = new reply since forum marked as read
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STOCK MARKET WATCH -- Thursday, 9 June 2022 (Original Post) Tansy_Gold Jun 2022 OP
The move off the bottom for those who missed it was incredible bucolic_frolic Jun 2022 #1
No, clothing isn't as good as it was 15 years ago Warpy Jun 2022 #2
+1 Thanks. Validation on my sagging wardrobe. /nt bucolic_frolic Jun 2022 #3
Mine, such as it is, is holding up rather well Warpy Jun 2022 #4
It's why I generally tend to buy men's clothing Tansy_Gold Jun 2022 #5
If they don't have a lot of pockets, sellers can keep 'em Warpy Jun 2022 #6

bucolic_frolic

(42,678 posts)
1. The move off the bottom for those who missed it was incredible
Wed Jun 8, 2022, 05:07 PM
Jun 2022

Abbott Labs ... up about 12-13 points. BABA ... up 15 points today. Nike about 20 points.

Went to a Kohl's today ...disarray in closeout aisles. Prices missing on a lot in the men's department. I'm guessing at $69.50 for a pair of jeans, you as a retailer really don't want people to notice.

The quality of clothing troubles me. Seems to me many tops, shirts, pants, are 1/3 as thick as they were 15 years ago, at triple the price. So they wear out fast so you can buy them more often, and pay a bundle for it.

Shoes? Lots of condolidation in that industry over the last 10 years ... now cheaper to make, molded foam soles one piece, vinyl not as thick ...

I think Americans will be taught to live on less, simply because they can't afford it. Such is life.

Warpy

(110,913 posts)
2. No, clothing isn't as good as it was 15 years ago
Wed Jun 8, 2022, 05:46 PM
Jun 2022

Manufacturers started getting squeezed in 2008 and the squeeze has gotten harder, year by year. Midline retailers were hit hardest since the midline shopper was disappearing. Places started to source lower grade materials so they didn't have to jack their prices up, thus discouraging the shoppers they had left.

It's been going on a lot longer than you think it has.



Warpy

(110,913 posts)
4. Mine, such as it is, is holding up rather well
Wed Jun 8, 2022, 07:34 PM
Jun 2022

because I'm a natural fiber snob. I'm too blind to make my own clothing these days, but I've been able to source 100% cotton jeans and tops. It makes a big difference. It's a little more expensive, but it lasts a lot longer.

Stuff that has plastic in it tends to sag and bag by the third washing.

Tansy_Gold

(17,817 posts)
5. It's why I generally tend to buy men's clothing
Thu Jun 9, 2022, 05:07 PM
Jun 2022

Made better, more pockets, easier to find 100% cotton. Esp. jeans.

Warpy

(110,913 posts)
6. If they don't have a lot of pockets, sellers can keep 'em
Thu Jun 9, 2022, 05:41 PM
Jun 2022

I've been putting pockets into dressy slacks for ages, can't see well enough to do it now. Fuck those idiot designers and their "lines" that would be ruined by a pocket big enough to hold something bigger than half a Kleenex. I think the word finally filtered through, last time I was in a clothing store, the dress slacks had pockets, decent ones. Now women who wear skirts and dresses need to get through to those asshats.

I've had to look toward India for woven, 100% cotton tops. I have some that are 10 years old and going strong.

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