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Turning the reigns over to Mr. Bernanke on Freddie and Fannie will go a long way toward correcting this mess if the Senate will stay out of his way. The first thing I heard Mr. Bernanke say last week after he took over was we have to make better loan decisions.
I think now is the time to be buying Freddie and Freddie and some of the banks. As Mr.Bernake corrects this problem confidence in our banking system will return shortly.
Coal was drug down with oil yesterday and as I've said before they are mostly independent of each other as they have almost totally different uses.
Oil is down again and Im hoping this is the start of the major correction of oil prices. As Ive said for months its being caused by speculators. Michell Caruso-Cabrera( check my spelling) on CNBC was the only person that noticed or said anything about it,but as soon as Mr. Bernanke mentioned speculators yesterday oil started dropping. And that's not the first time Ive noticed that same reaction.
Potash and my favorite ag play CF dropped yesterday and the fertilizer companies seem to drop with oil and I dont see the connection. People have to eat and these companies will prosper.
Trains,planes and trucking companies should surge as oil drops.
The tech companies should be ready to surge. The last few tech companies have decent earnings and good projections looking forward so I would give them a look.
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