TMFeatnbybears (68.73)

Chasing Rainbows

October 23, 2009 – Comments (1) | RELATED TICKERS: CBI , CHN , VWO

Seems there is a strong desire to always venture off into new markets and investment styles.  In the process, the boat gets missed.

 Last year, ETFs were hot.  With the market, they dropped and people dropped them.  Do you realize that since March, almost every developing economy ETF is up 40-60% ?  Not bad for just taking a ride on someone else's train.

 In the panic of last year, many sold solid, and not so solid picks.  Are you aware that CBI, Chicago Bridge and Iron, which was hammered last year, has just set a new 52 week high.  Why the interest?  Same as when it was an original pick, natural gas.  CBI makes the huge storage tanks, special pipelines, gas liquefaction stations.  Can you imaging if the politicians were to move on Nat gas in this country rather than cater to the coal states in a quest for votes?

 Look at the moving recovery on some of the older picks.  They were good companies then and still are, just in some cases, they are again priced as the the bargains we wish we could have gotten before.

Yeah, the latest Peruvian drink made from Lama milk may sound adventurous, but give me a good Nat gas pipeline any day.

 Bears