Suppliers have been reduced to consignment. The destruction spreads, and everyone is slitting their own wrists in unison.

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[–]Musky 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (7 children)

Isn't retail often a sort of consignment? Best Buy doesn't buy 10,000 laptops and they gotta sell those laptops or be stuck with them. Stores get reimbursed for unsold merchandise. They get reimbursed for returns and damaged items. Supermarkets also for expired food.

[–]iamonlyoneman 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Correct.

[–][deleted]  (5 children)

[deleted]

    [–]Musky 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (4 children)

    I'm already getting hosed on those. It's just a small gamble.

    [–][deleted]  (3 children)

    [deleted]

      [–]Musky 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

      They were, the stock is oversold at this point, but this is what's stopping the recovery: https://www.benzinga.com/markets/options/23/04/31680481/this-is-what-whales-are-betting-on-first-republic-bank

      [–][deleted]  (1 child)

      [deleted]

        [–]Musky 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

        Thanks.