Red-Hot Resources

"Luck is not chance, it’s toil; fortune’s expensive smile is earned.”

Thursday, May 10, 2007

Latest Market Matters Radio Column

Tom Jeffries and I talked about a whole range of subjects. I also talked about the potential for a market sell-off, and what do we get later in the day? A sell-off! Maybe I should be more careful what I say, LOL!

You can listen right here:

The markets sold off across the board today, and natural resources stocks got hammered. Don't worry too much. The market is way overbought and some consolidation is not only expected, it's necessary for the next leg up. The commodity supercycle is still intact.


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