DBA- Is this a short-term top?
By goldenticker.com
Tags: ag stocks, agriculture, dba, fertilizer stocks, fertilizers
This entry was posted on January 15, 2008 at 12:43 am and is filed under stock market, stocks. You can follow any responses to this entry through the RSS 2.0 feed.
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January 16, 2008 at 3:40 pm
Yes – this may be ahead if itself as you note. What I would say is that for the first time I see individual investors who have previously been focused on the stock, housing, or metals markets in recent years moving into agricultural commodities as an asset class. I’m not sure what happens in the short term, but I think we’ll see growing reallocation to commodities, and I don’t think there’s any doubt that the fundamentals all line up toward higher commodity prices (at least in dollar terms!), despite the run up.