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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 652.53-1.5%Nov 20 4:00 PM EST
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To: Johnny Canuck who wrote (46480)1/17/2011 6:58:16 AM
From: Johnny Canuck  Read Replies (1) of 68173
 
Why supermarket stocks are getting squeezed

Rising food prices mean grocery store chains must absorb extra costs on items like meat, seafood, and produce, or they try to pass them along to customers. But many of those consumers are unemployed or have less money to spend, even on essentials. For now, the big chains are mostly choosing to absorb. As a result, profits are falling, and so are their stocks, making them one of the few dim lights in the market in 2011.

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Forty million Americans now rely on foods stamps, up 50 percent from four years ago, and the average price of gas now costs 12 percent more than it did at this time last year. That's one reason why middle and lower income consumers are increasingly going to supercenters that offer less selection but cheaper prices than traditional grocery stores.

finance.yahoo.com

[Johnny: Interesting that we are seeing the starting effects of being of hyperinflation without the absolute high interest rates. The difference this time is the relative interest off the historially low base means absolute smaller interest rate increases will have the same effects of the 70's hyperinflation.]
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