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Strategies & Market Trends : Fidelity Select Sector funds

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To: Angler who wrote (4477)5/14/2002 7:27:11 PM
From: SG  Read Replies (1) of 4916
 
That's a great question, unfortunately above my pay grade. You'd think those ag co.'s would make more $$ by processing more grain. Knowing farmers, they'd plant more crops, eventually driving DOWN the price in the familiar boom-and-bust cycle.

I am far from a commodities expert. My thought was that history shows El Nino has weird drought/flood inconsistencies in the heartland with such volatility that smart speculators might be able to beat the Big boys for once (but don't count on it.)

Think of the consequences for livestock and hogs if grain is more plentiful (via Farm giveaway bill, not El Nino). Cheap pork and bacon and plunging livestock price-same boom/bust over time.

Interesting to speculate about; I am on the verge of cashing in a stock account to trade but...most futures brokers require $5k to open an account, last time I checked a few years ago.

Sorry for such a long OT post.

SG
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