Wednesday, December 3, 2008

Ags still weak

A while ago I noted that ag stocks have been very weak.

POT made a new 52 weak low, ADM was down 4% today and CF is hanging off of its lows and looks like it wants to continue downward. I am surprised how well MON has held up. I really expect that the stock will be another -50% until it approaches any kind of bottom.