Man....have some of you folks checked what's going on out there in the real world? The materials sector is being pounded mercilessly! Masses of stocks are being driven below their support levels! There are similarities to 2003 and a repeat from higher lows may againbe in store on this next bull cycle just ahead. Check out the performance of some of the energy stocks back then and also Goldcorp that proceeded to appreciate by 400%.

"The boys" are having a grand old time shorting the H out of everything material....leveraging to the stratoshere with risk, debt and printed paper. Margin calls are the charge of the day. Brokers are not fooling around...it is the end of the month. Don't forget they are also highly leveraged and some may be in trouble visa the derivatives markets. Is yours one of them? Be careful. Checked out the problems E-Trade is having? The dollar is being synthetically pushed up. It's all artificial. The credit, debt, levarage is all out of orbit....but hey, this is still not panic as the boys are going to set up another run to the upside. Heck even Potash is getting clobbered today.

This would be a horrible time for an NR from MEO! It would be totally submerged in the ongoing Tsunami. This will end after tomorrow, the usual hyped up FOMC rate cut, or very soon. Can't have anyhting shinigwile the US pretends to be supporting the dollar but supersizing inflation. We will soon see a speculative frenzy to the upside in the Pms, energy, commodities (like copper, iron,) and more upward pressure, relentless pressure on the foodstocks.

Soon the panic selling will end and there will only be room to make dough on the upside. And guess which commodity is being set up to fill in for gold..so far? Could it be oil? They'll all go up. But remember the stealthy Sovereign Wealth Funds out there...not US $, but trillions of foreign holdings of US $ declining in value...all looking for a new home. Watch the bond markets. Who wants US bonds with inflation higher than their paying?

Back to MEO. I submit that within weeks we will see good news and that MEO will surprise us all....but then again I'm an optimist and hold shares of MEO. I also believe that Bill Cawker and "associate companies" and his crew, know what they hold.

Good investing all!