Oil (CLQ8)finished $2.57 down today to $134.52pb.
Dow finished at 11814.35. Up 6.92 points on the session.
Gold closed at 887.50, down $4.10 today.
http://us.ft.com/ftgateway/superpage.ft?news_id=fto062520081552256842&referrer_id=yahoofinance
The Fed failed to raise rates today. This should lead to higher commodities/agriculture pricing and Monsanto just reported record numbers and watched their shares drop.
Less than teen spirit, this smells like a bargain.
The whole sector has been out performing for the last year and should continue to do so for the next 3-6 months.
The financials are just starting to deal with lawsuits brought on by the Subprime mess.
We should see them drop further also in the next 3-6 months along with commercial real estate the closer we get to a rise in interest rates.
GMCR is starting to look very weak today. The puts for the July 35 are still cheap, if you think we are going to see a quick slide in the next 3 weeks.
Good Fortune from Trade-Equity.com!!!
Wednesday, June 25, 2008
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