Markets and the fiscal cliff
With all of the uncertainty and questions circling around the fiscal cliff will it affect the markets?
Cory Winstead, account manager for AgriVisor says possibly.
“From an investment standpoint – if I’m a hedge fund manager, if there is a lot of uncertainty in the equity markets – I’m probably going to pull my investment out,” he says. “The safest place is probably cash, but, another really safe place is the commodities.” Winstead says that could mean corn, beans, and wheat will rally in the month of December and then see investors sell off again.
He tells Brownfield he’s anticipating a “wild ride” in the markets over the next few weeks.
AUDIO: Cory Winstead, AgriVisor (5:00mp3)
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