08/07/09: The dog days of summer are upon us and one can't help but get the feeling that the markets have lulled themselves to sleep. One ought to be very careful about new long positions as many of the followed markets have both hit long standing upside objectives (and in some cases) have over-extended themselves. Of particular note this week, the pork markets have collapsed as the prospects for higher grain prices have become a reality heading into the fall harvest and health concerns over hot-dogs themselves weigh heavily on demand.
That's all for this issue of the WCTS Spotlight,
Brian Beamish FCSI
the_rational_investor@yahoo.com
http://www.the-rational-investor.com
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