Tuesday, September 19, 2006
Commodities Boom is Over?
The commodity indexes have dropped more than 10 percent from their peaks, leading Wall Street to assume the commodity boom is over. Are they right?
Regarding oil, I don't believe the crisis in the Middle East is over. China and India are growth at over 9 percent during the past four years, even they slow down, they are still growing. So I would rather bet that it's a correction rather than entering a bear market.
Regarding oil, I don't believe the crisis in the Middle East is over. China and India are growth at over 9 percent during the past four years, even they slow down, they are still growing. So I would rather bet that it's a correction rather than entering a bear market.
# posted by Lobo @ 8:02 AM 
