The Quarter is over and once again now for the kitchen sink…

European banks look to take some major write downs today, while the US ponders trying to “manage” ie…socialize the financial system. The increase in Commodity margin requirements may take some of the froth out of surging commodity pricing but let’s face it in a higher inflationary environment commodity prices will continue to increase and any short term drop in pricing still suggest a buying opportunity . For the investor looking to play it safer the treasury TIPS and Municipal Bonds look to be of good value. I still like energy, mostly natural gas, agro, commodities and metals and some transports like rails. Banks and financials remain under suspicion, at the moment I am willing to let the “John Reed” effect continue to work its way through the financial system ,but again I caution its not over till everyone stops saying its over .