Monday, July 7, 2008

Pointing South

The worst of all worlds for markets is when stocks and commodities get rolling down together. Any look of a deflationary charge is enough to make buyers back-off. It just may be the pumped up volatility of all markets but just in case there is a general unease in today's trade. Grains, crude, and gold are getting whacked along with Freddie Mac and Fannie May bombing with about 20% declines each.