We are having one now.
You can TRADE it, just know what it is. My bet is that this one is getting a bit long in the tooth. I have been lightening up on my beloved energy equities. There will not be any energy shortage while the economy is contracting this fast, and the "shoulder period" is only a couple months away.
My bet is is that when the market realizes how far away a recovery actually is that it will "sh-t the bed" (that is technical trader speak for a sharp sell off). At that time, I will be looking for the stuff I want to own for next year. Doesn't mean I am right, but that is what I am doing.
Good luck!
Mentatt (at) yahoo (d0t) com
3 comments:
Hey,
bureaucrat maybe on to something. Jewel had a 19% earning from 2007 to 2008.
Robert
Food is always a great business. The profit margins suck and the unions are ever-present, but it's a business that has every reason to survive.
I found out this summer I can grow potatoes. Small potatoes, but potatoes nonetheless. :)
Looks like you were right
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