Interesting read about producers of survival essentials and how they are making some strong gains:
Amid the market tumult, a handful of stocks have seen their share prices ratchet up to record highs in recent weeks. And many of them are connected by a curious, if disconcerting, thread: Between them, they provide an investor with essentials for any respectable fallout shelter—makers of bottled water, canned goods, dehydrated broth, gas masks and auxiliary generators.............................
This may lead to some solid picks for other retailers that adopt the trend and sell these types of goods eg sporting good stores ect.... Or it could be and hopefully is just unrest similar to gun price spikes when Obama took office. None the less interesting news to see.
davef139 said: Hurricane getting ready to land and companies that produce survival supplies... HMMM That's the problem right there. The keep the frenzy going you have to keep upping the ante. Oil companies used to be able to just shut down a refinery or two for planned or unplanned 'maintenance' to drive up the price of oil. Now they have to blow up entire drilling platforms and create natural disasters to get the oil price to move. What's next?
davef139 said: Hurricane getting ready to land and companies that produce survival supplies... HMMM Yeah, not a big surprise to me. I try to stock up a little every hurricane season.
Wouldn't these make crappy investments long term (assuming the buy up is people who are STILL predicting the end of the world)? Assuming their assumptions are right and the global economy collapses, their correct investment becomes just as worthless as all the others.
EdMcK515 said: Wouldn't these make crappy investments long term (assuming the buy up is people who are STILL predicting the end of the world)? Assuming their assumptions are right and the global economy collapses, their correct investment becomes just as worthless as all the others.Yes, owning the company that produces bottled water doesnt really help when you're sitting in your bunker. At that point I'd rather have invested in the actual water.
caterpillar123 said: davef139 said: Hurricane getting ready to land and companies that produce survival supplies... HMMM Yeah, not a big surprise to me. I try to stock up a little every hurricane season.
Hurricane season and threat of one hitting causing people to stock up? Nah, that couldn't be the reason, or the high IQ crowd at the WSJ would have made that connection.
Its like the writer(s) of the story picked some stocks that had done very well, cherry picked their desired products from the list of all products a company made (without any sales data to prove that those actual products were actually responsible for increases in the stock prices) and applied to their favorite conspiracy theory.
What makes the article (and the investment adviser who is offering "the inside scoop") even more laughable is that they have Ventas in the group. Ventas is a REIT that primarily owns properties that are leased to healthcare companies (hospitals, nursing homes, etc.) How exactly does Ventas fit into this "doomsday model?" Apply the "makes sense to me" test and conspiracy theory kind of falls apart? Does to me.
AthenaD
New Member
posted: Sep. 7, 2010 @ 5:13a
We all should be careful. Recently, a slight increase in the consumer confidence directory triggered a surge in the wall street Tuesday morning. A few hours later, once the Federal Reserve's minutes were released, the stock current market dove. The markets rose again on Wednesday, this time on information showing growth in American and Chinese manufacturing output. Chances are the stock exchange will dive again on Friday once the Labor Department submits its monthly jobs report. The rollercoaster ride brought a fitting end to the worst August for the stock exchange since 2001. The Market Volatility Index, also known as the VIX, or "fear index," jumped nearly 11 percent during the month for its biggest August jump since 2001.
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