tag:blogger.com,1999:blog-2335748440449035592.post669727372512023864..comments2008-10-14T17:28:01.336-04:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2335748440449035592.post-64859030895087200392008-10-14T17:28:00.000-04:002008-10-14T17:28:00.000-04:00Jegan,<BR/><BR/>Lovely list<BR/><BR/>I wish they would scroll the person's perfomance below their big head on CNBC as they talk up their book. That would be an eye opener. As for the economists and strategist they should post how they ALL were talking no recession 6 months ago. <BR/><BR/>As for FRED - in my Pooring of America worst case we'll all live off land and people too poor to shop at supermarkets - other than the elite ;)<BR/><BR/>Oh wait, that's Peter Schiff's scenario - I'm a bit more bullish.<BR/><BR/>Usually they say at the bottom they take out all safe havens - within hours of my Walmart/McDonald's piece we bottomed eh? But they still seem to be shooting. With the deleverging going on I can envision (a) funds that sold all their potash and petrbras and now need to move onto the 'safe stuff' and (b) now the retail public has panicked after the fact and its time to call Vanguard and Fidelity and move to cash and many of these own that type of stuff.<BR/><BR/>Now, off to memorize those top 10 reasons gurus were wrong so I can recite them someday.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-62872742125021045842008-10-14T17:19:00.000-04:002008-10-14T17:19:00.000-04:00Several Airlines actually did hedge too high and now will suffer... Apparently they tried to do what LUV used to do (but did it right). <BR/><BR/>I can't believe the carnage on the safe stocks either.. The whole Consumer Staples sector is down again. SWY, FRED, you name it... <BR/><BR/>TM... You keep pointing out the Gurus' bottom picking as we tanked to our present level... Not sure if you caught this from CXO.. <BR/><BR/>October 14, 2008 - Update: Gurus Explain Why They Were Wrong About the Stock Market (Top 10 reasons they called the bottom early)<BR/><BR/><BR/>http://www.cxoadvisory.com/blog/<BR/><BR/>jeganjeganhttp://www.blogger.com/profile/05850061548373752817noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-57736033475435185642008-10-14T13:19:00.000-04:002008-10-14T13:19:00.000-04:00Not really, although I did see AMR hedged quite a bit of crude in the $130s<BR/><BR/>What happened is they have longer term contracts so they were protected from much of 2008 inflation as they were under 2007 prices. So now 2008 prices are coming online as they move into 2009. So its a lagged effect more than anything. If you notice food prices in grocery shooting up still. The benefits from any sustained commodity downturn will show up in mid 09 and later.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-15425385707147975692008-10-14T13:15:00.000-04:002008-10-14T13:15:00.000-04:00What is perplexing is that all these companies talk about higher input costs. Did they all hedge costs at the peak or what?Stonefoxcapitalhttp://www.blogger.com/profile/00583540825602471042noreply@blogger.com