I thank the Belgians... I sold BUD at a profit.  Haven't had a lot of profits in the last year.

DI, thanks for the info on ALD insider buying. 

Everyone seems to be discounting a dividend cut.  I wish they would be more forthcoming with their plans.  Nobody is believing what they are saying.  Like you said, if they would even cut the divi in half, they might still be pretty fairly priced.  The uncertainty seems to be hurting the stock.  BDC's seem to be priced as financials... and I get that.  What is wierd is that it seems like bulk shippers and REITs are being treated like financials.  Does this goofy market consider everything that pays a decent dividend a financial?  The question was rheorical.

I'm not going to read too much into today's action either. 

Ag has been pretty well beat down in the past couple weeks.  I heard somebody say today that all is well in the midwest now... it has stopped raining and farmers have planted their crops... all is well.  What an idiot!!!!!!  All is not well on the midwest farms (there's a lot of corn that is not "knee high by the 4th of July."  Last year it was mostly shoulder high by now.  It's too late to plant corn, unless you are talking about popcorn.  You don't flood... and plant crops in a week or two.  If I knew how, I would still short the ethonol industry.  There will not be enough corn in the fall.  There are ethonol plants that I know of that were being planned and now are cancelled.  Even with that, I would get out of ag... higher ag commodity prices are not sustainable.  They never have been (food is just too much of a necessity)... and this ag run was really an energy bull market... if corn doesn't equal gasoline, then forget it...

I am understanding the selloff in materials... energy is killing everything.  Anything that takes energy to make or energy to transport is being hurt by high oil prices... even the EM's that buy oil, like China.  If China declines, so do most materials commodities.  I wish I didn't understand it, because I have losses in NUE and RIO.  Between high oil prices and inflation concerns, the market is taking down China... and that takes down all commodities.  Commodity prices could handle a recession in US, but not China, too.

If you believe that oil is going up, then almost everything else is going down.  Cramer has taken to liking health care.  I don't know... it seems like a better time would be after the election and we know what will happen with new healthcare system.

Cash is looking better all the time... oh well.

erryl