I’ve racked my brain as far as it could go. I’ve twisted in the wind for weeks, trying to discern the direction of this tape. I’ve concluded my studies.
Invest like we are entering a global recession–because we are!
Russia, Brazil (fuck you, I will not spell it Brasil), China, Australia, Canada and many more are enjoying “bullet to the head” economic deceleration. Let’s assume the eastern winds are truly howling and the PE ratio of this market is about to be taken down by 20%. Where will investors flee to?
There is precedent to all of this and the writing is already on the wall.
Consumer staples are near their 52 week highs: food, cleaning products, alcohol and beverages.
Instead of firing off a bunch of meaningless crap, I will tell you of my first purchase: CLX.
I’ve purchased Clorox, right here, in moderate size, expecting new highs in the coming weeks and months ahead. Additionally, I bought a little more SHAK, nibbled on it, due to boredom.
Seriously, tho, the market is exhibiting signs of extreme risk aversion. It makes sense to load up on some high dividend paying consumer goods names now. Worst case scenario, you’re wrong and lose a few percent on the trade. The alternative is to keep buying high growth and get placed on the Catherine Wheel for another -25% drubbing.
If you enjoy the content at iBankCoin, please follow us on Twitter
time to Buy PG or avoid?
PG works
Why the need to keep buying? If you don’t know what to to do, do nothing.
I just said I know what to do. Are you retarded, per chance?
Catherine Wheel? Indeed: https://www.youtube.com/watch?v=9dDJ21ZRElc
I’m very happy with KR purchased a few months ago
CALM. Egg prices continue to rise, and we’re heading into the best quarter seasonally for this company.
BTW, that is the official promotional video of Bluestar Airlines…footage from Flight 923.