What Garmin (NASDAW:GRMN) Says About Consumer Spending
Feb 16th, 2009 | By Charles Delvalle | Category: Chart of the DayA few years back, I couldn’t believe that my father had finally bought a Garmin (NASDAQ:GRMN) GPS navigation system.
';
A few years back, I couldn’t believe that my father had finally bought a Garmin (NASDAQ:GRMN) GPS navigation system.
One of the most boring, yet profitable ways to make money in the market is buying and selling stocks that trade within a range.
This recession isn’t like anything we’ve seen previously. Even I’ve cut back on the egregious amount of fast food dining I do in the face of deflation.
Think back hard for a few seconds… to the days when the dollar was the most hated asset in the world. In those days, the dollar was joked about, the euro was rapped about, and everyone came to the conclusion that the buck was history.
Before I go into the Chart of the Day let me just say that even I have decided to cut my own spending. From spending ungodly amounts of money for breakfast sandwiches at Dunkin Donuts and McDonalds every morning, now I only spend a quarter as much at the Supermarket instead.
As I sit here and admittedly do something horrendous – eat Ben and Jerry’s Cherry Garcia flavored ice cream at about 6:30 in the morning – I made the important revelation that sometimes people don’t do what they should…
Over the past year commodities have been beat down harder then Nazi Max Schmeling’s 1938 beating by the hand of African American Joe Louis. But it looks like some stocks are showing signs of bottoming out.
I hate Yahoo (NASDAQ:YHOO) as much as the next Google-loving fan boy does. But that doesn’t mean that I won’t at least look for a way to make a quick buck off of them.
It still bewilders me just exactly how fast Google (GOOG) went from the “Yahoo Wanna-be” to the king of the search engine universe. When it comes to Google shares though, lately they’ve been down and out. But that doesn’t mean you can’t make money.
I come from a generation of children that grew up playing Nintendo for at least two to three hours a day. My parents didn’t touch that “magical fun box”. But today, my generation is made up of a bunch of 28 to 34 year olds that all play video games with their kids. Because of that, the video game industry has become one of the fastest growing, and largest sectors of the entertainment industry. And even though it has shown some slowing as this recession has grinded along, growth is still there.