Macy’s (NYSE:M) will hold the iconic Thanksgiving Day parade. somewhere a security officer who is paid to be paranoid is worrying about the Occupy Wall Street gang. Remember them about a year ago. Well they engage in a lot of street theater and that means protests and disruption.
Well Macy’s relax all is well for the following reasons. The presidential election has exhausted everyone both right and left-wing. No one has the energy. Also NYC got hit badly by hurricane Sandy. The public is not in the mood for disruption. Too much chaos is not what the revolution should be serving up.
Macy’s it safe to hold the parade and let America celebrate. Just watch out for JC Penney (NYSE:JCP). Everyone is down on JCP right now. But all merchants know that if enough transformation takes place JC Penney will recover its mojo and Macy’s will hear the competitive footsteps coming up behind them.
George Gutowski writes from a caveat emptor perspective. Follow him on twitter@financialskepti