Quote:
Originally Posted by LWJ
First. No PARFy stuff please. I am not interested.
Today is August 12, 2025. I have been casually buying and selling stuff on FB and CL for years. And? I have not seen the market for discretionary items this soft since 2009.
I can't seem to sell ANYTHING and I see killer (well, they were killer two months ago!) deals daily.
Add in we just had a disastrous jobs report just over a week ago. My son struggled to get a job for the last year as a fresh college grad and claims almost all his friends did worse than he did. (not sure of this, it could be BS)
And housing is still crazy expensive. And the AVERAGE P/E ratio of the S&P500 was 29.4 yesterday.
I want to run screaming about the sky falling.
Except I am often wrong.
Y'all are a very interesting source. Educated. Opinionated. Articulate. Tell me your assessment. For me, things feel "off." And the discretionary income piece is the biggest indicator.
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It took my son over a year after graduating from ASU with a degree in business to find a job. He is paid $22/hr in LA. It is certainly not his fathers or grandfathers job market. My other son is trying to sell his Gen3 4Runner with a busted head gasket and nobody is interested. For Main Street I think things are off.