{"id":29,"date":"2008-11-12T12:24:00","date_gmt":"2008-11-12T17:24:00","guid":{"rendered":"http:\/\/www.intuitiveinvestor.com\/web\/?p=29"},"modified":"2018-08-12T21:04:49","modified_gmt":"2018-08-13T01:04:49","slug":"since-when-did-best-buy-become-a-bellwether","status":"publish","type":"post","link":"https:\/\/jasonapollovoss.com\/web\/2008\/11\/12\/since-when-did-best-buy-become-a-bellwether\/","title":{"rendered":"since when did Best Buy become a bellwether?"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>Just a quick note:<\/p>\n<p>As you may know financial markets are reeling again today. The cause seems to be Best Buy&#8217;s Third Quarter Earnings report. Best Buy did say some things using pretty strong language. For example, &#8220;Since mid-September, rapid, seismic changes in consumer behavior have created the most difficult climate we&#8217;ve ever seen,&#8221; said Chief Executive Brad Anderson. Obviously that is strong language. But since when is Best Buy a tech or economic bellwether? The answer is that it is neither. Wal-Mart is THE consumer spending bellwether. And the tech bellwethers are numerous (Google, Microsoft, Cisco, etc.), but Best Buy is not one of them. So why the big market sell-off on this news?<\/p>\n<p>Despite the fact that folks like the Motley Fool are saying that our problems are behind us, the fact that a non-bell wether firm&#8217;s results can roil the financial markets is strong indication to me that investors still don&#8217;t feel comfortable re-entering right now.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Just a quick note: As you may know financial markets are reeling again today. The cause seems to be Best Buy&#8217;s Third Quarter Earnings report. Best Buy did say some things using pretty strong language. For example, &#8220;Since mid-September, rapid, seismic changes in consumer behavior have created the most difficult climate we&#8217;ve ever seen,&#8221; [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-29","post","type-post","status-publish","format-standard","hentry","category-the-blog"],"_links":{"self":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/29","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/comments?post=29"}],"version-history":[{"count":0,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/29\/revisions"}],"wp:attachment":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/media?parent=29"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/categories?post=29"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/tags?post=29"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}