In recession or depression, people only consume food, go short Retail stocks
CELENTE PREDICTS REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012
“The man who predicted the 1987 stock market crash and the fall of the Soviet Union is now forecasting revolution in America, food riots and tax rebellions - all within four years, while cautioning that putting food on the table will be a more pressing concern than buying Christmas gifts by 2012.”
If you are a long-term investor, you will see the long-term view about Retail store is going to be like in 5 years from now. America has been produce a massive extra supply for the past years, that’s what makes more retail store keep expanding. But now, people are mostly buying what they need when the economy keep getting worse. Circus City is just the first to stink, many more to come on the way. Get into this big picture, in recession or depression, people only consume food, if you want a profitable return, short retail stocks.
“We’re going to see the end of the retail Christmas….we’re going to see a fundamental shift take place….putting food on the table is going to be more important that putting gifts under the Christmas tree,” said Celente, adding that the situation would be “worse than the great depression”.
Stocks recommend to short:
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