I think food shoppers have a lot in common with stock shoppers.
They both look for bargains.
And the really smart ones, find them.
The savvy investor buys a stock because she's convinced it's going up.
The savvy food shopper buys maybe a little extra food because she's just as convinced it will go up.
So the stock investor buys and the market holds up.
And the food shopper buys, and Costco's sales are way up.
Defying conventional wisdom that says consumers are hurting, at Costco, they've just been buying.
In bulk. Lots of bulk.
Whole boxes of cheese, cases of cereal, and entire carcasses of meat.
So much cheese and cereal and meat, in fact, that Costco had trouble just keeping that stuff on shelves.
Wal-Mart's Sam's Club stores reporting much the same story.
Discounters not at all discounting the resiliency of their customers.
Now, you could look at all this cheese and cereal and carcasses of meat buying and say, they're panicking, and they're worried prices for those things are going to keep going up, so they're loading up.
And you'd be right.
But is that any different than the savvy investor, equally convinced the doom and gloom talk has pushed down market sentiment so much that stocks, to them at least, look like good buys.
That's the thing about bargain hunters. They look for bargains everywhere.
Whether it's a nice stock, or a nice steak.
Just some food for thought.
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Neil Cavuto serves as senior vice president, anchor and managing editor for both FOX News Channel (FNC) and FOX Business Network (FBN). He is anchor of FNC's Your World with Cavuto - the number one rated cable news program for the 4 p.m. timeslot - as well as the FNC Saturday show Cavuto on Business. He also hosts Cavuto on FBN weeknights at 8 p.m. In addition to anchoring daily programs and breaking news specials on FNC and FBN, Cavuto oversees business news content for both networks and FNC's weekend business shows, including Bulls & Bears, Forbes on Fox, and Cashin' In. Click here for more on Neil Cavuto.