Friday, April 16, 2010

What, If Anything, May Hold Up If (When?) Stocks Tank Again

Judging by the price action across the board today - not too much...

Almost everything is getting kicked in the teeth today.
(Source: BarChart.com)

Crude oil and precious metals are getting taken to the woodshed along with stocks today - no place to hide there.

One bright spot - actually I should say one dim but not dark spot - are the grains. They haven't rallied much this year to date, so there may not be much downside from here.

Grains, by the way, are still one of my favorite secular plays - I just think it's best to avoid them right now. If the Great Depression is a guide, then grains should lead the way out of the Greater Depression as they did last time around.


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