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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: westpacific who wrote (78768)	5/6/2008 9:39:56 AM
From: SouthFloridaGuy	Read Replies (2) \| Respond to of 116555

West, great post. I don't think we will see true deflation in the classical sense...the type everybody here is bashing Mish about. And if we did, it's too far out to worry about from an investing standpoint. The Fed still has ammunition. That type of deflation would not be good for gold or commodities, although I believe in a relative sense they would outperform because they are unleveraged assets. That's why there is a continuous underlying bid for gold, IMO. We will get big runups followed by 20% declines and so on and so forth. The environment for gold is more bullish today than anytime during the bull market, which in my mind began sometime in 2002 at the time of the downtrend breakout. Coincidentally that was about the same time global monetary policy went completely insane.

To: westpacific who wrote (78768)	5/6/2008 8:07:55 PM
From: Bill on the Hill	Read Replies (1) \| Respond to of 116555

April 28th I bought Cal-Maine Foods, Inc. - CALM Captured the dividend (ex-dividend date 12/28) for $32.10 Current short on the stock was 107% of the float. Even with hedged positions I figured the stock was a great candidate for a short squeeze of epic proportions. Egg prices have stabilized, grain prices are not a major problem (grow their own grain), their dividend is excellent at 10.7% and cash is $3.61 per share. Westwood Management initiates a $67 target today for CALM. westwoodam.com Todays movement in the price looked like it may set up for a short squeeze. Does anyone here have an opinion on this for long term or short term? I thought it matched your criteria for food stocks. But I am already in it. Bill ps: Looking for STELLAR! pss: I eat their eggs. Omega Cage Free. When my neighbors hens do not lay.