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Commodity Rebound, Global Rate Cuts, Stocks for the Long Haul, and More!
Contrarian Profits (October 30th, 2008) Writes:
Huge trend reversal: Dollar busts, commodities boom… why, and will it last? Rate cuts round the world… U.S. and China slash, Japan considers. U.S. three months away from “official” recession. Two new bailouts: Who’s lining up for help, plus Uncle Sam’s October tab. Denning and Nelson on beating inflation with the right long-haul stock.
The U.S. dollar fell by its largest percentage in 13 years yesterday.
Et voila, the trend we believe is your friend returned with some impressive steam:
The Reuters/Jefferies CRB Index popped 5.9% — diddly squat compared with equity moves lately, but still the biggest daily gain for the index since its inception, in 1956.
Alas, despite the rise, the CRB is still down 24%
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Addison Wiggin, Aso, Bank, Bank Of Japan, Big Government, Blackstone, Center for Economic and Policy Research Web, central bank, China, Chuck Butler, Citigroup, College Board, Congress, contrarian profits, CRB, Dan Denning, Dean Baker, Dennis Gartman, Dow 30, energy, Fannie, Fdic, Federal Reserve System, Freddie, General Motors, I.O.U.S.A., Japan, Japanese Government, Jefferies, Jim Nelson, Market Commentary, media-land, Nasdaq 100, NIXON Cabinet, Organization Of Petroleum Exporting Countries, Pete Peterson, Peterson Foundation, Reuters, Robert Rubin, Sandy Weill, Sp 500, state-owned lender, The Bank of China, United States, Us Government, USD, White House
Oh, how twisted the markets have become.
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