J. B. Wulff

Supply Side for Copper: A Game Changer in 2010?

If you don't own FCX, always keep an eye on it. The folks who run this are quite simply superb in their execution over decades. I must confess that I recently was guilty of selling too soon. I made a bit, but missed a lot. Done it before, may do it again. I never stop watching. I have the princely holding of 14 shares from 1995. That's a dig at myself. When I first bought in, it was a sulfur business.

Market Memory: An Abbreviated Tale Of Two Bottoms (Part 1)

Even the best horse has to stop for water once in awhile. The market is an indicator of far too many things to ever enable a reliable prediction. Still, as an indicator it has historic value. We have seen a crash not unlike the Great Depresson event. Governments have stepped in more boldly in their attempts to stabilize the global economy. The DJI did not return to the 1929 peak level until after WWII! That had to include some inflation. I cannot believe that the market's historic rising trend has resumed without corrections. According to an item floating around the net called IOUSA, our country's real deficit is some $57 Trillion. That's adding up Social Security and everything else that is an unfunded liability. The prudent investor will be careful. The age old wisdom is, "The market will fluctuate."

Freeport-McMoran on Copper and China

Freeport has been a favorite stock of mine for decades. It has some sharp people who take advantage of opportunities and shut down failures quickly. I believe it is a stock to buy and hold, now more than ever.

Crushed Unnecessarily - Cramer's Lightning Round (9/2/08)

FCX is probably the most unappreciated stock on the NYSE. It has consistently delivered a nice dividend, often bought back its own shares, and its recent merger was a great deal for all. It has worked down its debt and maintained a good working relationship with Indonesia where its biggest mine is located. How far its price will fall during the current adjustment in commodities is hard to tell. The prudent investor knows he will not catch either the bottom or the top. Watch this one closely.