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"A drop in commodities is neccessary for the global growth to resume."

I agree, which is why I bought back in a little bit. My only exposure to this side is with PBT and PDS ... I put a little in each a few days ago. I expected a slow-down related drop at some point (got to cash in on options in american airlines and delta that I'd been starting to get nervous about) but now that its down so far & so fast, it might be smart to ease back in a bit - both as a hedge against inflation (fed rate held back at 2%) and because gasoline demand can be very price sensitive (I can't wait to see prices come down at the pump). Also, there's the talk of a new 'economic stimulus package' which means another $600 check for everyone to spend on gas.
Perhaps if it dips back toward $12 I'll try a taste of GSI.

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