I am holding off in these areas. We just don't know yet how much damage this
credit contraction is doing and will do to the global economy. I think it's
safer at this point to wait. If I was going to take a chance in any of these
sectors, it would be a few picks in the ag sector. They are still building
ethanol plants so there is still demand for crops like corn. My favorite picks
in this sector are MON and DD.

Not expecting it to go from $30-$120 overnight. More like it might go to $25.
Kathy in NJ

If it is a gov't project, then they have to bid. Then, the lowest bid or the
company with the most whatever quota they need to fill will get the job.
Companies can lowball the bids and then submit change orders and this is how
they get around this nonsense.
Kathy in NJ

isn't obama preaching we need commuter-rail infrastructure..or is that just hot
air like bush's let's fix social security....which steel company is making the
rails?

in my opinion at this point its an absolute trap in which several hedgefunds are
trapped in.the prices of steel and copper have already suffered how many cuts in
production over the last few months...i think around 3 or greater.there is no
excess demand for it from emerging markets,if there is a demand it is
sustainable by the individual companies themselves.if this recession is hard as
they say then imagine what will happen.no production equals unemployment equals
no dividend ect, ect, ect.there will be a time to buy but it is definitely not
now.its amazing how people want to jump on FCX now even though copper has turned
a sour corner for the last month.for more info make sure you listen to gartman
and cramer and you will have time to buy.it wont turn from 30 to 120
overnight!good luck

Well, if there are no jobs, and the gov't has to pay out unemployment, they are
going to start doing things to create jobs since they are going to be stuck with
the folks anyways. Might as well put them to work. What will they work on?
State projects, things like roads, buildings, infrastructures or war machines.
These things are made of steel. I am not thinking of the car industry or the
airways. They could build railroads to transport mass goods across the land.
Kathy in NJ

Think about who will be the biggest consumers of select metals

That's where the value is. Buy more than one company in case one of them goes
bankrupt.
Kathy in NJ
Holds NUE, MT, AUY