An article about what happened today...

http://www.cbc.ca/money/story/2008/1...

There is something said in the article, a quote by one of the Agrium senior director of relations...and it's highlighted on the side in a bubble in the article, and he says...

''I mean, a Merrill downgrade from a "buy" to a "sell" is pretty dramatic. I've actually never seen them jump two levels on really very little news.''

— Richard Downey, senior director of investor relations, Agrium

Just goes to show how Merrill is playing the public a lot with these recommendations and their oil outlooks too...and it's causing such a panic and I can see these guys making money off this by shorting or playing around in the markets. Of course them being a big firm, they have influence over many investors but no hard facts. A couple short months ago, oil was going to $150+ for them, then all of a sudden it's going to $80...these guys are ridiculous.

The thing is, a lot of good, strong companies get caught up in the turmoil without just cause and it allows for a good oppurtunity to buy. One thing I read today was, "buy stocks when you are afraid the most, it always ends up working out"...LOL..thought that was a different approach lol.

Anyone have any other things they want to add, any articles or things they've read...would appreciate it!:)

Rocco