SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Think4Yourself who wrote (203886)5/23/2009 11:27:53 AM
From: ChanceIsRead Replies (2) of 306849
 
>>> Many people compare now to the Great Depression. <<<

I think that you are correct about this being a head fake. I see no reason not to test the November lows. In fact, after every major blowoff - and we had a major blow off - there has been a retest of what - only in the rearview - was the low. Soooooo November might have been the bottom (I place only 40% odds it was) but a retest of that low is very, very likely, regardless.

I saw that Ross Stores posted very strong (record?) earnings Thursday. It makes sense - the cheap retailer in hard times. Shorting chickens is therefore risky - probably the protein source of choice in hard times. But then again there are soybeans/tofu.

SAFM and TSN look like a lot of other charts. They have come too far too fast. Like the banks, their means to generate capital was 50% gutted with the big corn squeeze last summer. Their margins might return, but they will only be applied to 60% of the former business. A long time to heal story.

Then again there is the Memorial Day spike and bust aspect. I am in for a short time only.

Sure is good to see Buffalo Wild Wings tanking. I would think that wings would be a leading indicator for chickens.

Chicken wings are gross. So much fat per unit of meat. I never saw the attraction.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News