Meredith Whitney Says Buy Middle America

Meredith Whitney is on CNBC with Maria Bartiromo and she is saying that middle America, the states that have not over-levered themselves and are not at risk of default, are the ways to play this. She said the ways to play it are transports, commodities, rails and other infrastructure related names. She described these states as "the BRIC of America." Some companies to think about in these sectors are Norfolk Southern NSC, CSX. Corp CSX, Union Pacific UNP, Deere & Co. DE, Caterpillar CAT, Mosaic MOS and Potash POT. Whitney is now president of Meredith Whitney Advisory Group, and first gained notoriety in 2007 when she forecast the financial crisis at the megabanks like Citigroup C while still an analyst at Oppenheimer.