I just spent a few days in Manhattan with a large number of retail stores near my downtown hotel and my wanderings through them during the day actually made me depressed.
I went to a Macy's, a BB&B, a H&M, an Old Navy, and several more. In all of them, and I do mean ALL, there were many more staff than customers. At the BB&B near Columbus Circle, at 3PM, I was the only customer in the store for several minutes and did not see more than 3-4 other customers in the 30 minutes.
As Buffett and Lynch, before him, I tend to believe what I actually see, and I do not see a recovery.
Anyone else with a better story, I need something to give me optimism?
I went to a Macy's, a BB&B, a H&M, an Old Navy, and several more. In all of them, and I do mean ALL, there were many more staff than customers. At the BB&B near Columbus Circle, at 3PM, I was the only customer in the store for several minutes and did not see more than 3-4 other customers in the 30 minutes.
As Buffett and Lynch, before him, I tend to believe what I actually see, and I do not see a recovery.
Anyone else with a better story, I need something to give me optimism?