Nasdaq Dip & Rip

[wow_happens28]

My play is for food.

Food production is very energy intensive in production and shipping. Gasoline is 31% higher than 1 year ago.

https://www.finviz.com/futures_charts.ashx?p=d1&t=RB

The dollar is 10% lower than a year ago. It is 10% cheaper for other countries whose currencies are 10% higher than last year to import US food.

https://www.finviz.com/futures_charts.ashx?p=d1&t=DX

RJA, a food commodities unleveraged fund is 10% lower than last year. Bumper crops, but I believe a bottom is in and overdone. The crop surplusses are not much different than last year and assuming the dollar and gasoline stay where thery are all year, no way does RJA stay this low.

All just opinion. I have owned from higher but did just add nice chunk. No my largest holding.

http://stockcharts.com/h-sc/ui?s=RJA&p=D&yr=1&mn=0&dy=0&id=p49560099375

Let me add, the Nasdaq fell 66% in the 2 and 1/2 year Bear from March 2000 til October 2002. I checked out a basket of food stocks and they were up 5%(2% per year} in that same period, plus dividends, minus brokerage fees. Food is noprmall a safe haven in Bear markets.