Market Comment 01 04 11

Commodity related stocks and commodity based countries suffered a reversal today. Flooding in  Austrailia, a commodity rich nation, has become very a real problem. Mining and agriculture companies have taken a big hit. We were stopped out of EWA, our Australian ETF.

Commodites in general were hit today. Given their big rise last year and because of their inherent volatility, I felt it was prudent to take some of our basic material and country ETF holdings off the table. We will see how things settle out before re-entering this sector.

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