Monday, March 28, 2011

A Correction Coming in Commodities ?

I have no idea. Cotton has gone up very far, very fast; but, given it was down for thirty years you might not think it’s gone up so much on any kind of compounded rate. There are always corrections — nothing goes straight up. So, there’s nothing unusual about corrections. You can go back to any bull market and you’ll see there’s a range between the high and low for any stock during the bull market. There’s about a 40% range between the top and the bottom. That’s the same for commodities. I have no idea when or what will cause the corrections, but I sure know they’re coming. They always have and they always will. in