Wednesday Outlook: Commodities, Emerging Markets

This article has 11 comments:

•  
  David White

  Jul 30 07:27 AM
  Some good news: President Bush just signed the housing aid bill. This should help most of the markets. It may help the financial sector the most.
  
  For those interested in Ag stocks, there was an article out yesterday about the US corn crop. Apparently it is currently only projected to be 60-70% of normal. The large floods in the midwest not only damaged the crops, but they are hurting the pollination?? In any case this will likely be good for grain commodity prices in general and corn in particular. It should also allow the Ag stock to go upward. The shortfall points to a likely strong demand for fertilizer going forward.
•  
  gabe
  borenstein

  Jul 30 08:28 AM

  My Website
  The market volatility is caused by speculators not investors as the latter has the longer time perspective.
  The news media paranoia as reflected by reporters who consider themselves pseudo economists ,definitely enhances market volatility.
  If only the current concerns were expressed a year ago(I did as late as September 18 ,2007 during the Brian Sullivan interview-Bloomberg TV),the current debacle would have been avoided.
  Energy?the short term data is irrelevant.
  The price of the crude has risen 400% of the average of the past 10 years -certainly this is not related to the global growth.
  The accelerated write off of the "bad" assets will help the balance sheets in the period ahead as these zero assets will likely regain substantial pecentage of the original value.
  The market volatility will continue ,but the FED ,the Treasury ,the Administration ,and the Congress are making sure that serious issues are addressed-somewhat annoying if you are short.
  The real risks exist In Europe and the Latin America ,as these economies are heading for a major implosion.
  The debacle that will ensue ,will cause a massive flight to quality (dollar assets),fuelling a record stock market rally(U.S).
  Volatility will continue but a major uptrend(stock market) is in the making.
•  
  Kelly
  Lieberman

  Jul 30 09:29 AM

  My Website
  Unfortunately, the only debacle continuing to befall this once great nation is George Bush. Not only a complete idiot, but a disgrace to this country as well.
  If McCain is elected it will be clear to the entire world that we are as ridiculous as they believe we are - for another 4 years. I can't imagine anyone wanting to invest in a country that makes these moronic financial decisions and then rewards the creeps running the show!
•  
  User 86999

  Jul 30 09:57 AM
  Amen, Kelly, amen! In 8 years, we've gone from $5 Trillion surplus to $10 Trillion deficit! Now that's progress.
  
  Speaking of Goliath, unfortunately, in the real life David/Goliath battle (as opposed to the story), the Goliath is killing the little Davids in the market - hence the metaphor is not working. It would be more like Vikings are plundering.
•  
  DaveW

  Jul 30 12:34 PM
  K.L. You actually believe moronic decision making is monopolized by the Republican party?? I'll bet you think Obama won't make any! and I'll bet you believe financials are a good buy right now too. When everyone running the show, in the show and watching the show are a little bit both bull & bear and a little bit both right & left, we'll all be a lot better off.
•  
  Kelly
  Lieberman

  Jul 30 01:21 PM

  My Website
  DaveW,
  I do not believe that moronic decision making is monopolized by the Republican party, and I do not think that Obama would be mistake free. I also do not think that financials are a good buy right now - they have a long way to go...
  I am just fed up with this idiot President and the people who continue to kiss his behind no matter what gibberish comes out of his mouth.
  McCain, God love him, just seems to have a heck of a hard time saying anything intelligent that hasn't already been written down. That worries me, because the fellow in office now has the same annoying problem except he tends to screw up stuff his staff has written for him as well.
  Perhaps electing someone to office that did not grow up with a platinum spoon in their mouth might make a difference. I would like to see someone who got there on their own with no hand out from Daddy...
•  
  bubbaw345

  Jul 30 03:39 PM
  Hey Lieberman, youse guys don't come in here under the guise of economic sheeps' clothes and get political on us. As for Bush 's intelligence, I looked in the mirror this morning and I wasn't so hot myself....how about you??
  
  Bush had a higher GPA than John Kerry, if that's any consolation.
•  
  pansyed

  Jul 30 03:54 PM

  My Website
  Well Kelly consider both the House and Senate in the same vein. They have a tremendous amount of influence and responsibility but also come up short with gibberish while trying to look important. Sounds to me you are taking your frustrations out on Bush and McCain but forgetting those two governing (?) bodies are required to approve his actions by vote. Obama has said nothing to impress me that he can succeed in the finance area - he is extremely vague at best. There is a need for people to be more detailed, say what they mean and mean what they say.
  
  At present we are suffering for having a bunch of lawyers run the country. There is a need for a new group in Congress that will pay attention and quickly react according to conditions. Do you get the feeling that maybe Wall Street is just too intelligent and we and our government are along for the ride.
•  
  Kelly
  Lieberman

  Jul 30 04:25 PM

  My Website
  Bubbaw-
  You have to admit that the realities of this market lie in the handiwork of our politicians - R or D. It just so happens that we have literally been Bushwacked and here is the mess we are left with.
  It would be great if you could separate financial markets and politics and Church and State but I haven't seen it happen yet.
  
  Pansyed-
  I am also looking for transparency from ANY candidate running for office and we have all yet to see that too. But honestly, is anybody up for another 4 years even remotely resembling the last 8?
•  
  kjs

  Jul 30 05:13 PM
  KL,
  The president has certainly made some mistakes however, how many presidents in the past has had to deal with the number of problems that he has had to face during their presidency? Has he made some errors in judgement, probably. Unfortunately, we dont sit where he sits and know everything that he knows. All WE do is monday morning quarterbacking.
  There are alot of people that are very intelligent that don't have the gift of speech. McCain is certainly not the most eloquent. You take Obama off the monitors and he struggles as well despite his gifted delivery while reading from the prompters. What I find troubling is and ask myself are these two the best we have in this country? How much money has been spent on this campaign thus far? Who has benefited? The american people? NOT!
  One of the major problems I see in this country is the media. We have all these talking heads who critique and evaluate everyday. We have polls taken regularly. Again, its monday morning quarterbacking, plenty of opinions, criticisms, and dividing the country. We need vision and action thus where are the leaders? Where are people of action that do things with commonsense and conviction. We can blame or praise the president all we want however, he alone does not control the purse strings in this country. WE as a people can continue to blame people or We can get off our butts and be part of the solution. We have a congress that is totally out of control not doing things for the american people but for their best interest to get re-elected. It's like the fox in the hen house. They vote themselves raises, they establish their own benefits, they spend like drunkards. You and I can't do that. I agree there has to be changes but those changes need to start with attitudes with the person in the mirror. We have to make our elected officials more accountable and put common sense back in the drivers seat. Where we are now as a country can't be a repulican or a democratic thing, it has to be an American thing and until that happens this country will continue to decline. We can continue to blame, point fingers, name call, monday quarterback or we can get in the game....for me I want to play!
•  
  bubbaw345

  Jul 30 05:27 PM
  Well Lieberman, there is a some truth to your comment...
  Like you, I am trying to remember ANY politician in years who had the well-being of the American people deeply rooted in their decisions.
  It seems that every politician must sift their policies and actions through their respective party line before even opening their mouths. Only one comes to mind, gentlemen Joe Lieberman. He has paid dearly for his idealism.
  
  Then today, all of the party elite on both sides are just bowing and scraping to the presumptive nominess, hoping for any table scrap that might come their way if their guy gets elected...supressing all thought for their fellow man.
  Finally, I am afraid that all of us are guilty of putting on these "Party Affiliation glasses." It is throught these glasses the we all can watch a debate or newscast, and in our minds, believe with all our hearts that it is slanted against our candidate and party. Sad to say, truth and reality are mutually exclusive.