Well, time will tell if the stock market has it right this go-round, or if indeed we’re staring down the latter stages of the third epoch bubble in one-fewer decades (remarkable, if so, but explainable, as I’ll attempt to do in tomorrow’s weekly message).
Or do the folks at Bed, Bath and Beyond have it right, as they buck the stock market upward trend and batten down for tougher times to come?
“More than two months after Bed Bath & Beyond Inc. announced plans to close 200 of its namesake stores over the next two years, the company has revealed the locations of the first 63 stores that will shutter.”