I saw that too. Someone at Moodys must be short. We all know that if the banks fall, everything else does as well. It's fine with me because when the WFC price goes down, I get more shares each quarter.
I've preached for a while now that food, energy and security are 3 essentials in life. That's how I've built my portfolio over the last 10 years. Oh, and I now have a financial because of a 401k plan at work. It's dead money for a year or two, but I like it that way. I get cheap shares each quarterly match.
Long term (forever or maybe longer Lol!) Food
and fuel will will be in demand! The soft
commodities,grains,oil and oil service sector,
ag names and even water have had a huge run up
in anticipation of strong demand, so far the demand has been tepid at best.IMO we are in
a slow economy heading towards neutral and
possible a down right pullback! when the panic
set in and we get some real price corrections
I will enter with some vigor. Until then on
good pullbacks i will start some new positions!
Redsguy, I like the story of potash. I only mentioned caution because I got out of it the day before yesterday after believing it had reached a top.
Yesterday's action and all the bad news makes me wonder is there some big 10-20% downleg coming, where everything gets sucked down in sympathy.
I went mainly to cash with a bit in some silver short and a bit in the TLT I'd been mentioning.
The demand for food has to be increasing on
a daily basis! That doesn't mean all people
can afford to purchases what they want or need.
As for MOS i think there earnings will be a
little weak do to all the rain,tornadoes,japan
and such! and then we hit the low for the year.