With the U.S. economy weakening, BNY Mellon's Michael Woolfolk says investors in...

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MtnPicker65 Comments (2)
 
I wonder if he has followed the prices of these shares--FCX,CAT, and
SLB are already reflecting the state of economy
9 Jul 2012, 10:02 AM Reply Like

papayamon Comments (584)
 
many of these well run companies pay good dividends, and a lot of this is priced in. obviously this guy hasn't checked yearly highs and lows. does the world using 2% less copper really equate to armageddon in fcx?

if you don't get in when prices are low, when are you ever going to get in?
9 Jul 2012, 10:42 AM Reply Like

TwistTie Comments (2424)
 
I give up.

(Just kidding.)
9 Jul 2012, 10:43 AM Reply Like

BlueOkie Comments (2520)
 
We are in a economic down turn again. In June more people were added to disability roles than got a job. Stop the free stuff and let's get America back to work. I see FCX as a buy at these prices.
9 Jul 2012, 12:56 PM Reply Like

papayamon Comments (584)
 
let's face it. as a practical matter, there will be a lot more easing ahead. there's bound to be inflation as a result, and where is a better place to be than commodities.

yes, we might not be hitting it at the absolute bottom. that's investing and it's trading. but pretend you bought fcx at the yearly high, vs buying today at 34.5... seems like it's been mostly discounted already. what, is pcx going to 17? is oil going to 40 dollars a barrel? the downside is limited, and the larger institutions are in MUCH better shape then they were in 2008. look at the auto sector.
9 Jul 2012, 01:53 PM Reply Like

stephenelkins Comments (83)
 
Haha ... analysts. Can't live with them, can't live ... ummm ... actually I can live without them:) I would have made much more money if I ignored them when I first started investing. I'll go ahead and continue to add to my oil position as well as open new positions in the likes of XOM, CVX because I'm not looking to trade them. I view short term pains as long term gains! Just my own opinion.
9 Jul 2012, 02:10 PM Reply Like

astlan Comment (1)
 
it works for me
22 Jul 2012, 10:15 PM Reply Like

theenglish Comment (1)
 
I worked for Cat in the UK for 20 years, now retired. All my shares gotten through Cat share scheme. I've seen them at $23 to $116.
Having seen the ups and downs of the share price over the last 12 years,
I see this investment in the longer term. As soon as the recession is over Cat will bounce back, you've got to look longer term, 5/6 years, they will be back and, I think with a vengeance
9 Jul 2012, 04:43 PM Reply Like

gmmpa Comments (97)
 
When does Mike suggest we buy commodities? When they double in price as the economy turns up?

The single biggest obstacle to our weak US economy WILL go away in November 6th. Now is the time to do your research and make a shopping list of good companies. Until then sell on up days and buy on down days or just stay in cash if you have no stomach for this roller coaster market caused by bad government policy, and world news.
10 Jul 2012, 01:22 AM Reply Like

rkuster1 Comment (1)
 
This is all just noise.Woolfolk has to say something because he's being paid to say something. If you think these companys are going down short term than short them.
10 Jul 2012, 02:51 AM Reply Like

GPAGPA1 Comments (16)
 
Wolf …folks ???
Wants you and I to sell while BNY accumulates….
That is how it works with these clowns … better yet
with Wolfs.
12 Jul 2012, 01:27 AM Reply Like

jeff2012 Comment (1)
 
I made a bad mistake listening to Kent Moors on his sell advice; In less than a month he is shouting to re enter the stock ,he previously urged to sell on the 35% trailing stop . I would have been better off holding for a better exit price which occurred two weeks ago
12 Jul 2012, 10:00 PM Reply Like