I'm heading home...but had to post the link to this great interview of market wizard, Jim Rogers. Thanks to the Commodity Trader for posting this interview.
Read article here.
I agree with Rogers on several points in the interview. Most importantly that oil will see much higher prices in the coming years. Although a pullback is needed from current levels.
Also pay note to what he says about utilities. And check out a few of the utility stocks and their corresponding stock charts...like TXU and Southern. I think an investment paradigm is in the making here. These stocks are moving into a different asset category. Moving from the old measure of dividend yields to the new one...the unthinkable for utilities...growth rates.
Dynegy's recent buying spree in this field is just a sign of things to come. Of course, these stocks are all due for a much needed pullback. But, pay attention to this sector. It could get interesting.
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