Thursday, October 22, 2009

What's this? Groceries on the shelves?

Whole Foods is open:

And so is Publix:

And so is Walmart:

And so is Albertsons:

And so is The Fresh Market. And so is Winn Dixie. And so is Kroger. And so is Safeway. An so is Super Target. And so is Costco. And so on.

Wasn't this not supposed to happen? Because besides the Great Depression that was coming, weren't we told we wouldn't have food? In the coming Apocalypse? Or Armageddon? There would be no money to ship--no money for financing---no money for groceries.

Buy your rice and beans now! And get some SPAM on the side! Prepare for the end of the world!

Let me bring you back to Karl Denninger, who  also said this--Your pensions would be toast! Your annuities defaulted! Your 401K's seized! And the cities would be a free fire zone!

  • All pension funds, private and public, are done.  If you are receiving one, you won't be.  If you think you will in the future, you won't be.  PBGC will fail as well.  Pension funds will be forced to start eating their "seed corn" within the next 12 months and once that begins there is no way to recover.
  • All annuities will be defaulted to the state insurance protection (if any) on them.  The state insurance funds will be bankrupted and unable to be replenished.  Essentially, all annuities are toast.  Expect zero, be ecstatic if you do better.  
  • Civil unrest will break out before the end of the year. The Military and Guard will be called up to try to stop it. They won't be able to. Big cities are at risk of becoming a free-fire death zone.
So next time you go grocery shopping--think about what the bears had to say.

And buy them a cucumber.

To politely stick it in their mouth!

When they talk their trash about this market that is ready to roll-over.

1440 by June in the S&P. And in January of 2010--we'll be up 7% for the month.

The bulls won't let any of the bears off!

They'll all be getting forced in.

Or they'll just work at the stores that they said wouldn't exist!


Anonymous said...

XRX reported and it was nothing special...any thoughts?

NYT went up big...wonder if LEE is still the right play

Anonymous said...

Karl's faithful are still boarded up in their apartments with their guns and dollar filled coffee can waiting for the Apocalypse. When they come out it may be time to get short.

Palmoni said...

He's a good guy though--but every once in a while I like to poke a little fun at him.

I sometimes get overly exuberant on the bullish side but at least I'm not advocating living in bomb shelters!

Although my parents have one on their property--reminiscent of those days when they really worried about things like that.

Anonymous said...

Uh oh, Karl is long March UUP calls.