Nike Shares Jump After Big Earnings Beat

High end?

High as a kite, mebbe.

wow, this is getting sadder by the day... grasping...

This is related to real estate because: 1) people will be hesitant to buy or rent apartments in walk up buildings in fear of a pending sneaker shortage 2) real estate prices are about to soar as incredibly well paid Nike factory workers leave their native countries and buy coops on 5th Ave 3) this is the only good news today, real estate or otherwise, and steve could not control himself

This is perhaps the most desperate post ever.

The wealth effect from stocks is trivial compared to the wealth effect from real estate.

>This is perhaps the most desperate post ever.

How about this gem:
http://streeteasy.com/nyc/talk/discussion/4544-the-streeteasy-busride-to-hell

> The wealth effect from stocks is trivial compared to the wealth effect from real estate.

Of course, since the wealth effect from real estate is likely negative right now...

The wealth effect from stocks is trivial compared to the wealth effect from real estate.

Of course, since the wealth effect from real estate is likely negative right now...

WRONG! For most families the single most important asset is their home. Stocks don't even come close. Most studies have a $100 increase in real estate causing spending to increase more than twice $100 increase in stocks. The concentration of stock ownership in this country is also far more concentrated than in housing. Most Americans own no stocks directly!

How can I be desperate when Manhattan is at peak 2008 prices? Frkn morons lol! With no inventory in the pipeline either lol(see below)! In 2 years you'll be paying 50% more.

http://www.nytimes.com/2011/01/16/realestate/16cov.html

Beyond desperate. At least with his post on GOOG, you could argue they have an NYC presence. Nike is in Oregon.

Worse, however, is the fact that the greatest growth came from China and other emerging markets, not from North America - which by the way is less than 40% of its revenues, and shrinking every quarter...and includes Canada and Mexico.

Just to get back to stocks, but does the Nike brand have any value? There are several sneaker brands and from what I can tell, many consumers are indifferent. I've switched from Nike to Adidas to Reebok to Saucony. I don't see the brand loyalty out there or a clearly superior product. If I'm not mistaken over the last five years Adidas has outperformed.

http://www.cnbc.com/id/43495139

Wow I'm amazed at how limited you guys are. The humans still can shock me. Something so simple to understand. Nike's blowout earnings and the limited humans are too...well, limited to see it's impact. Fascinating.

spunky, trying to find the correlation between the number of sneakers sold by Nike and the number of building permits in Manhattan is beyond hilarious. Not even LICCidiot or JuiceDrivel have sunk to such lows.

You really must learn the concept of a trend, the effect of artificially negative real interest rates and bubble economics. You are seeing the percolation of a new crash as we speak (type?), with real spending down, housing prices down, employment down, and prices up.

It is stagflation that which we are facing. To prevent it the Fed will have to engineer a giant POP. We have reached a long-term high in a long-term bear market: all of this money will have to be withdrawn from the system to pop the bubble, and as it is we will be going lower and lower and lower and lower.

Including the price of your studios and what Merrill Lynch and Countrywide stock you might have left in your portfolio.

It's funny how we're celebrating inflation. Back in March Nike missed their numbers and the stock hit. They raised prices to pass on raw material increases. I would not be surprise if they used FIFO accounting. Nike is a decent company , so I don't mean to be overly pessimistic on them. When companies are able to pass on increases it's usually good news for that firm, but the stock's been volatile and as I said earlier they really don't have that much brand loyalty.

It's also ridiculous to assume real estate prices now go up because of one day's good news on NIke. It would take several years of steady stock market gains to even have some impact, which I think we did see during the internet bubble. People cashed out of stocks and put down payments on a home. We're nowhere near there.

"WRONG! For most families the single most important asset is their home. Stocks don't even come close. Most studies have a $100 increase in real estate causing spending to increase more than twice $100 increase in stocks. The concentration of stock ownership in this country is also far more concentrated than in housing. Most Americans own no stocks directly!"

You can put it in all caps, but you're still wrong... you simply missed the point. RE values are down majorly across the country. That this effect is even more widespread just means the negative effect is more pervasive.

"Most studies have a $100 increase in real estate causing spending to increase more than twice $100 increase in stocks"

Great, so the multiplier on the major decline in RE is even worse. You're just proving my point.

"Wow I'm amazed at how limited you guys are. The humans still can shock me."

Did SteveF finally admit he's just not a human?

Maybe one of those poorly written pieces of software like Ezra that just says the same thing over and over again?

"How can I be desperate when Manhattan is at peak 2008 prices?"

Give or take 20%. lol.

"Frkn morons lol!"

Oh, the irony... name calling from the biggest putz on the board.

steveF is a human piñata.

... but full of something other than candy.

Americans,by and large, do not "own" their homes - their banks own either some or all (in cases of "underwater mortgages even more than all) of the equity in the places they live in. They do own, however, the stocks and mutual funds in their possession.