by Chris Black
Oh no, not the earnings of the megacaps!!!!
That might cause their stocks overvalued by at least 85% to drop.
How about what this crap is doing to small and medium size businesses. The big retailers all make at least 50% of the retail price of a product. A small company that produces products is lucky to clear 15% after all is said and done, and that might only be enough to cover base expenses.
The Fed meeting is tomorrow, and it will be interesting if they say inflation continues to be "transitory." It doesn't feel transitory to me, and according to this article in Bloomberg, CEOs don't think it's going away anytime soon either. t.co/NU9MBqgYu7
— Stephen Colavito (@stephencolavito) September 21, 2021
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