Whole Foods Market (ticker WFM) shares are clearly a mania in decline. The big roll over began in Q4 2013 and hasn't looked back since. They reported earnings today with re-re-lowered forward guidance (which is all that the forward looking stock market cares about). WFM absolutely needs a strong upper middle class in order to survive. Look how the shares plummeted to $5 into the bottom of the 2009 crash. There is a reason for that. In a deflationary catastrophe, WFM is toast and I don't mean of the expensive English muffin variety.
Wednesday, July 30, 2014
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