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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: ild who wrote (91239)6/15/2001 6:46:16 PM
From: Joan Osland Graffius  Read Replies (1) | Respond to of 132070
 
ild,

Thanks. I sure can not see in the future, but history tells us a credit induced asset bubble results in a deflationary period. I have purchased a small position of non callable high quality bonds and will purchase more if the story stays the same at 7%. I have some gold to hedge these non callable fixed income assets. What I am watching right now is the resource related stocks, i.e. copper, zinc, etc. It looks like they are rolling over and sometime in the future we will be able to buy these at recession levels. I was lucky and bought oil and coal at the lows and they have recently rolled over and could be worth keeping an eye on for another opportunity to buy again. I will not buy any of these stocks unless they are at rock bottom prices. <g> I did sell my ADM purchase in the $8 range, but did buy a first third again slightly below $12. It looks like they have the inside track on ethanol.

Where are you finding good values these days?

Joan