Saturday, March 07, 2009
Here's a chart (click to make larger) of consumer staples. You'll recognize this chart as media sausage stuffing for recommending that you buy something 'defensive'. At a high of about $30. it is now trading at $19 and change for a 34% loss. So much for being defensive. It's like wandering into the streets loaded with jewelry at the annual Thug Convention Parade and Pillage. Rather than being beat up and left for dead unconscious on the sidewalk, you were defensive and copped a few moves that allowed you to just to crawl away after taking a beating and losing your jewelry. The better choice would have been simply to stay inside in the warmth, comfort and security of your home.