Avoid Commodities
April 25th, 2006 by jhampton
Commodities are getting some bad press from a very influential stock picker. Bill Miller, a man famous for his uncanny ability to beat the US equities market consistently.
Miller says jumping into metals, oils or other commodities is a bad idea at this point:
"It takes a determined optimist to say that now is time to be putting money in commodities," Miller wrote in a sharply worded commentary, adding, "The consensus does tend to be wrong at the turning points, being invariably bullish at the top and bearish at the bottom."
For now, avoid commodities and focus more on the stocks that are really moving.
Relevant Tags: commodities investing, commodities market, stock market, stock market tipsPosted on Tuesday, April 25th, 2006 at 4:53 pm In Real Estate Investment, Stock Market Investing