The Rising Influence of Rising Affluence

[DewDiligence]

I added yet again to HES and CLF today. These stocks are discounting a much more bearish global economy than I foresee.

Both stocks have minuscule P/E ratios based on any plausible 2012/2013 forecasts. Moreover, insiders have recently bought shares at both companies (#msg-75995329, #msg-75705739, #msg-75817830).

Bit the bullet on PG and sold my entire position.

FWIW