Big rollovers going on in the ag/energy/materials complex. Yesterday, we sold half of our steel etf (SLX) just to take some profits. Today, we are joining Doug is initiating a position in the short oil etf (DUG), just to hedge some of our energy exposure.As for ag, we sold most of our ag etf (MOO) last week, as things looked to be getting too frothy. I think the reaction in POT to the outstanding earnings speaks to a near-term top.Many I speak with think ag is a bubble, and a major top is in place. But [...]
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[Source: The Money Blogs]
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