Federal reserve had a meeting today and nothing has been changed. The Fed claims that the inflation is trending lower which gave them the reason to continue QE2. With both food and gas prices surging, and cotton price is reaching new highs, I do not believe there is deflation or disinflation at all. Inflation will be a big problem in one year. By the end of next year, we may see high inflation, high deficit and high unemployment.
The market is expensive. But there is always some opportunities. I am interested in getting POT again @ around 135 (sold @47 2 weeks ago).
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