Jan
30
Bought MOS
January 30, 2008 | 2 Comments
This afternoon I bought a small position in MOS at $90.59 after the Fed decided to cut interest rates by 50 basis points. This is in keeping with my thoughts yesterday that a 50 point cut provides support for the inflation thesis, and MOS is poised to benefit from agricultural inflation.
However, having watched the reversal this afternoon, I am not all that enthused with the market action following the cut. I’m still trying to discern the near term […]
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