Stocks like Monsanto , Mosaic , Potash and Agrium are all ways to play this side of the agriculture boom, according to Gartman. Even after these stocks have ramped, he still doesn’t see enough people “aggressively buying” them. And some – like POT, according to Guy Adami – still seem cheap even after their big runs.
Oil, though, is a riskier bet even though it tests new highs on a daily basis and shows no obvious signs of pulling back. People should understand that if President Bush released some oil from the Strategic Petroleum Reserve, or even just stopped filling it up, crude prices would drop $15 to $20 immediately. Doing that would allieviate stress to the consumer, too, and would be, according to Gartman, a better and easier way to stimulate the economy than the current federal package.
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Trader disclosure: On Mar. 13, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Najarian Owns (AAPL), (BIIB), ( C), (CSCO), (MS), (YHOO), (MSFT); Najarian Owns (FNM) Puts; Najarian Owns (DNA) Calls, (COP) Calls; Finerman Owns (GS); Finerman's Firm And Finerman Own (HD); Finerman's Firm Owns (AAPL), (AEO), (FNM), (MSFT), (TSO), (VLO), (WMT), (YHOO), (SUN); Finerman's Firm Is Short (IJR), (IYR), (MDY), (SPY), (IWM), (COF), (LEH); Gartman Owns (COIN), (PBR), (GLD), (GWR), (SJT), (DE), (NFLX), (CQB), (SDS); Gartman Is Short (GM), (DRYS), (GOOG), (CME), (WFMI), (SWY), (ING); CIBC Gartman Index Owns Gold, The Euro, Sugar; GE Is The Parent Company Of CNBC