I profiled several wholesale food distributors(like SYY) and dining establishments (like BOBE) and they all were unable to hike the price past the ceiling already in place. If they raise prices further to pass on costs, they're going to lose revenue and if they don't raise, then they're going to lose revenue anyway. Catch-22
Another comparison with the NASDAQ recovery is from the period between 1929-1945, during Livermore's time. The 1929 crash and subsequent mild recover from the top looks exactly similar up until now.
Also: there may be confusion when we both submit articles. I'm John Lee too (no surprise given how common the name is), but my ID is John C. Lee to distinguish the two of us: seekingalpha.com/autho...
Crash Opportunities: Part I [View article]
Wednesday Outlook: Commodities, Emerging Markets [View article]
Thursday Outlook: Commodities, Emerging Markets [View article]
Bear Comparison: Today's Junior Resource Sector vs. 2001's Nasdaq [View article]
Also: there may be confusion when we both submit articles. I'm John Lee too (no surprise given how common the name is), but my ID is John C. Lee to distinguish the two of us: seekingalpha.com/autho...