http://tradermike.net/2008/04/a_food_mania/ Stock market commentary & trading ideas. Stock market weblog (blog), swing trading, day trading, stock picks, technical analysis, stock charts, stocks. Fri, 25 Jul 2008 04:53:03 +0000 http://wordpress.org/?v=2.3.2 http://tradermike.net/2008/04/a_food_mania/#comment-9353 Dr. Duru Wed, 23 Apr 2008 21:29:30 +0000 http://tradermike.net/2008/04/a_food_mania/#comment-9353 I am starting to think we may have a situation similar to the current top in gold. When gold was pounding $1000, we got stories of folks bumrushing pawn shops and going out to beaches with metal detectors. Now, even as we get these kinds of stories of a scramble for rice and the like(in Cali no less, ground zero for our last two big bubbles of tech and housing), we see several restaurants like EAT, YUM (near all-time highs), CMG, and even Chuck E. Cheese reporting great earnings! And we have already noted how DBA is acting "strangely" and not responding with a move upward even as the news of food scarcity intensifies. Amazing how this stuff works... I am starting to think we may have a situation similar to the current top in gold. When gold was pounding $1000, we got stories of folks bumrushing pawn shops and going out to beaches with metal detectors. Now, even as we get these kinds of stories of a scramble for rice and the like(in Cali no less, ground zero for our last two big bubbles of tech and housing), we see several restaurants like EAT, YUM (near all-time highs), CMG, and even Chuck E. Cheese reporting great earnings! And we have already noted how DBA is acting “strangely” and not responding with a move upward even as the news of food scarcity intensifies. Amazing how this stuff works…

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