Bill W.

Dennis Gartman: Go Long Infrastructure, Short Everything Else

Sir, your basic premise is seriously flawed. The Obama plan does not see spending a trillion dollars on roads, bridges, schools and general infrastructure building. It includes a host of other projects such as nuclear, IT, and alternative energy to name just a few. Not to mention the Alaska Gas Pipeline. Sure, there will be some new demand for steel, but it is difficult to say how much. The problem with forecasting is the lag time involved from the start of a project to procurement of commodities.