Dollar General -- What A Week -- September 5, 2024

Locator: 48535INV.

Last week, September 2, 2024, on the blog:

Dollar General: consumers are "strapped," feeling the pain. Link here. But they can afford $100,000 EVs.  

Dollar General was in the news again yesterday. From CNN: dollar stores are struggling; blame Walmart. 

Exactly my thoughts; I never thought this had anything to do with the "strapped" consumer. Folks -- at all income levels -- are simply finding better value with Walmrt, particularly home delivery, something dollar stores (probably) don't have.

CNN still blames the "strapped consumer" / inflation for the problem facing dollar stores.

One needs to read the CNN article closely to really understand what's going on. It's not the "strapped consumer."

Flashback:

Where are we today, with the reset?

Great, great example for agile traders, which I am not. For those agile enough, one could have bought at $80 and then sold quickly at $92 -- a quick 15% short-term gain. Wow.

But now, back to $80. 

**********************************
Disclaimer
Briefly Reminder 

• I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• See disclaimer. This is not an investment site. 
• Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 
• Reminder: I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.