Wednesday, September 10, 2008

Oil

I am seeing news about OPEC cutting production. If this results in a significant bounce in crude (currently +1.3%) then this could give significant bounce to coal and ag stocks. Look to MEE, JRCC, POT, IPI, MOS, ACI, BTU for any bounce. But be careful, rises in crude have been know to fail miserably.

http://www.reuters.com/article/newsOne/idUSLA55582920080910