RE: sell mondaysimplythefacts,
Sorry if i misinterpeted your post and thanks for the reply.
As far as the Coal sector....my opinion is that this sector is not like the 1999-2000 tech sector....or the current financial sector. Those two had/have fundamental problems. The tech sector was run up on thin speculation and no beef. There was just no profits in the dot.coms...and many others. The current financial sector is up to their ears in leveraged debt and bad sub prime loans that have not even hit the books yet....and it will get worse before it gets better. I have seen where analysts put low earnings expectations on stocks so that the companies could announce higher than expected earnings....but when you see what a bad quarter they had you wonder why the herd reacted as if the results were good. Smoke and mirrors. Those reactions won't last long and someone will take a bath. The Fed will have thier hands full if commodity prices stablize or turn upward again as all this financial mess unfolds even further.
There are just not many places to run to when the overall market turns to crap as I believe it will again this fall. I think that Investors will come flocking back to commodities where there are acutal good profits being made or good prospects of same. It would behoove Ken to get this thing moving on a fast track as I see a perfect storm as investors come flocking back to commodities this fall and 2009.
This, of course, is just my opinion.
Badog