People dont need to shop in whsmiths, boots or clothes shops if times get hard, but they do still need food, and nearly everyone of us shop in a major supermarket. I prefer Asda cause it is cheaper for like to like products. But the fact is Tescos after 9 months results were at record levels, after full year results in April the share price will be 270p. Also you dont need to shop in Boots when Tescos is much cheaper than Boots - that iS why Boots is loosing market share, like Marks and Spencer. Why buy underwear in M&S when Primark owned by ABF is much cheaper. Tesco will prosper in 2004, we could see £3 by next Christmas. Trading is very very strong at present. It was said that people spend 12p in every pound in a supermarket, I dont spend hardly anything in Boots, whsmiths or M&S, I do need to eat though.
psps might have worked in Tescos, why all this stagging off, you'd do much worse than to have your money in Tesco's shares, compared to other retailers, he cant be that bad cause he is looking at Lloyds shares as well, and they are a good bet next year as well.
guru11