The Staples Are Still Outperforming

In the spring, when it was clearly a flight to quality there, excuse me, just being defensive, i think, if you will. Many of the names in the staples trade at 24 times earnings, which is well above the s an p 500 here. The cline had a huge rally over the course of the summer, like the market did. But now here we are, down about 11 % or so from the hites in august. And again, i mean that's investors making the choice to buy those stocks at those sorts of multiples based on what they think is the quality of the earnings. Some of these stocks tha you can't believe, are still going lower.