Getting Long The Soft Commodities
In an attempt to reduce my overall portfolio correlation with the US equity markets I went long the PowerShares DB Agriculture ETF (DBA). The ETF is equally weighted in corn, soybeans, wheat, and sugar. You can read more about the DBA on Stockpickr.com.
As a short term trade, I went long the Intercontinental Exchange (ICE) near today's close. I believe the valuation is more in line with the CME. ICE now trades at 25X forward earnings.
As a short term trade, I went long the Intercontinental Exchange (ICE) near today's close. I believe the valuation is more in line with the CME. ICE now trades at 25X forward earnings.
posted by Big Ben at Wednesday, March 07, 2007
2 Comments:
Thank you for the update. I will use for sure your resources in the near future.
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