I reported earlier today that all but 2 of the 27 stocks in my inputs watchlist were in decline. The two bright spots were TNH on today's mildly positive Q3 report, and CHS on news of clearing the historic $1 billion mark. As of the close today, all of my inputs watchlist stocks are down except CHS which held a razor-thin tenth-of-a-percentage point gain, ending the day at $30.96.

Movers of note...

CF Industries (CF) posted the largest loss by percentage -- down $6.24 to $195.75 -- declining 3.09%.

Petrologistics LP (PDH) a close second, declining an even three percent to $11.65.

Mosaic (MOS) down $0.70 -- losing 1.34% on the day to $51.53.

Monsanto down $1.02; Syngenta down $0.81; DuPont $0.57 lower -- even mighty Agrium shed $0.29.

All of these followed the Dow in its second day of decline on lagging investor confidence, fears of the looming fiscal cliff and increased uncertainty across the globe.

Photo credit: Ahmad Nawawi / Foter / CC BY-NC-ND

DJI down 121.41 today, declining 0.94% on the day to 12,811.32.

Experts have kicked around the idea that now may be a good time to jump into these markets as prices are low, and fertilizer is always in demand...eventually. But such a dramatic across-the-board decline suggests there is still plenty of room to the lowside.

Fertilizer stocks have been en vogue this summer as savvy investors expected fertilizer stocks to follow grain futures to the upside in response to the drought. We did see fertilizer stocks tick up on keen investor interest, but the current downward slide could easily be called a correction for stocks that followed crops that in the end were 'better than expected' at harvest.

Look for these declines to continue until the Dow catches an updraft, signaling improved investor confidence, and greater upside potential.

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