buy CME at 170

CME(285.83 0.00 0.00%, ) has been dropping in the past few days. It closed at 182.09 today.

I believe CME is one of the companies that will survive the recession. It’s the biggest futures exchange in the world, where traders flock to naturally for the liquidity that it provides.

The Obama infrastructure play , and similar stimulus plan announced by other countries, would increase trading volume for commodity futures. Rather than picking a certain commodity to bet on, why not pick the exchange that will benefit from any commodity future trade?

Based on 15% future earnings growth and P/E of 11, I think 170 is a safe price to get in. I will start buying more at 170 and if it goes down more, I’ll buy more.