CNN: Is the party over for commodities?

[Quakerfriend]

Oh, how they want us to believe that we've turned the corner. Guy on right now saying that Bear Stearn's was the low and, we're heading into the upturn now.

:eyes:

Um, I don't 'tink sooooooooo'. :crazy:

Just how gullible do they think we are??

[sharesunited]

1. Wishful thinking.

Technicals show still more to come. We haven't reached the point of "how is this possible??!!" yet.

[Rydz777]

2. The part they got right is that the party is over. We'll soon be

hearing about layoffs at CNN.

[housewolf]

3. Maybe they get paid by some meter of optimmism

that has nothing to do with reality?

Maybe they just want to be the first on reoord to say so?

It's all nonsense, and it's a symptom of the problem - short term thinking like "the only thing that matters is today." When the truth is, there's no telling when the "low point" occurred until you are well past it.

[Zynx]

4. Considering by a couple measures they've surged 60% in one year, a top is more likely than a bottom.

Anyone going in all in right now is a fool.

[Warpy]

5. Bubbles are sucker bait

and will continue only as long as suckers keep putting their money into them.

My guess is that the big money guys pulled out a month or more ago. Suckers have been keeping it going since then.

The big money guys made their profit and will be back as soon as the suckers have all been shaken out by falling prices.

[NickB79]

6. They'll come down a bit, level off, and begin to climb again later in the year

Short of a 2nd Great Depression, demand for oil, grains and metals will remain strong.

For example, oil might drop to $85-$90, then climb back over $100 in the 2nd half of this year, IMO. If I had any extra cash, I'd be looking at investment opportunities in the next few months, but I don't :(