Time to look at the fertilizer stocks..

Well, we're witnessing yet another correction with the markets opening another 700 points lower in early morning trade. This came on the back of dismal services data in the U.S. The service sector reported a slump after nearly 4.5 years and investors across the globe fear that the U.S. as well as Europe are slipping into a recession at the same time.

The Fed rate cuts in the last 2 weeks, together amounting to 1.25 percent, have done little to ease the concerns of the investors. More robust need to be implemented if the Fed is to be successful in putting the U.S. economy back on the recovery path. Asian markets too have been trading lower odue to poor global outlook.

In the long-term, however, Asian markets stand to gain from the dismal performace of the world's economies. Who knows, during the course of the current recessionary period and the subsequent recovery, the center of power may shift to Asia!! Wild thought, but stranger things have been known to happen!!

Oh, and I almost forgot, with the Budget round the corner, its time to bild some position in the fertilizer industry. The fertilizer stoks have regained some ground in the last couple of trading sessions and have tended to outperform the market hsitorically, around the time of the Budget.. Look at parking some funds in Nagarjuna fertilizers...

Also, I expect sharp appreciation in the values of Neyveli Lignite & Deep Industries in the coming days! So, keep a sharp eye on these counters and continue tuning in to the SenseXXXational Ride!!