Clash of the Titans
Rodney Johnson | July 16, 2019 | I'm tempted to glance at Amazon today. I don't need anything, but that's not the point. Surely there's a new gadget or doohickey that will make my life immediately better, even if I don't know that it exists. Once I see it, I'll have to have it – chances are that Amazon is offering it for a song. Today marks the end of what has become Black Friday in July: Amazon Prime Day, an online event that's grown so grandiose that it now stretches to two days. The e-commerce behemoth created the marketing gimmick several years ago to give its Prime members access to incredible sales on thousands of items, hopefully motivating non-Prime members to join the fun. The day became so popular that Amazon expanded the event to cover two, and other retailers jumped into the fray, attempting in vain to defend what remained of their market share. This year, a record 250 retailers will offer their own sales online as they try to pry some eyeballs away from Amazon. We don't know the totals yet, but last year U.S. retailers booked $447 billion in July sales. That was $4 billion more than retailers booked in December, which is why so many competitors are jockeying for attention this year. Consumers only have so many shopping dollars. If they use a bunch of them in the middle of July on Amazon Prime Day, they'll have fewer to use on back-to-school sales, Labor Day sales, Black Friday sales, and during the holidays in general. And all of this exemplifies a classic "race to the bottom." Online retailers that offer the lowest prices on comparable goods are likely to get the most sales, which drives them to give customers the best deals. Shoppers win the price wars, but… READ MORE » | Imagine Predicting Exactly Where Shoppers Will Shop Next…? Accurately predicting where people will shop next… what they'll be buying… and how much demand there will be for that particular item… That's investment power, right there. And now you can grab that power with both hands, right here. With it, it doesn't matter who wins in this clash of the titans… your investment dollars will be in prime position. | Trending Stories... Markets across the board seemed under the weather this morning. Still, the Nasdaq is just 1,760 points away from my Dark Window 10,000 forecast. While that might seem like a lot, think about it this way: Six months ago – at the beginning of the year – the Nasdaq was at 6,506… 1,737 points lower... Do you remember Ted Turner, the media mogul who founded CNN? At the turn of this century, he lost 90% of his wealth, leaving him with just $1 billion. "Boo hoo!" you might say. "He was still a billionaire." That is true, but no matter how much wealth you have, losing that much money is ... In 2008, the mother of one of my best friends died. I flew to Dallas, Texas, to attend the funeral, and found my way to the chapel at the funeral home. After I sat down, an older gentleman and a middle-aged woman sat behind me. Soon after that, a woman came out to sing a... We're hyper-focused on politics at the moment because, well, Trump. If he weren't the president, with unshakeable support from one faction while inducing loathing from another, then the 2020 election cycle might be a touch less fanatical. But he is the president, and we've got Democratic hopefuls pummeling each other as they move to the... Yesterday, Greece got a new Prime Minister, after its New Democracy party won the weekend election. A center-right party. That's significant, as I explain in the video I recorded for you today to discuss this important event. The promise: We're going to make Greece great again. But can they deliver? Can they turn their county... |
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