Don’t Wanna Work — Commodities Comin’ Down? — Bang The Drum

Posted @ 3:10 pm - Filed under Check This Out, Sez Me, Off The Cuff, Economy, Predictions

It’s not even 2 o’clock yet and the cell is already smokin’, ready for a charge. Geez. It’s Friday, and I’ve already worked nine days this week. (whining infant in background) I’m draggin’ just a bit.

Here’s a thought I woke up with though, concerning the latest rise in commodity prices. Think back to the years when NASDAQ was on its near vertical rise — give or take ‘99-’01. It hit the wall like a crash test dummy. It’s my opinion we’re about to see the same thing with commodities. Much of the price increases are a direct result of speculators dominating the exchanges. There are some very experienced and knowledgeable folks who’re saying exactly that and more. They’re also calling for Bernanke to intervene with the same strong leadership displayed with the Bear Stearns problem.

The commodity market wasn’t designed to be taken over and almost completely controlled by speculators whose only agenda is to control the market to their own ends. Bernanke knows what’s going on. I wonder what he’s been thinking?

Regardless, look for the prices of commodities to come down big time. When? Sorry, but the ol’ crystal ball remains in the shop. My take is it won’t be that long though. We may be seeing cracks already.

Meanwhile, I’m officially calling an end to the work day. (Fat chance of that gaining much traction.) Anywho, crank up the volume as high as it goes, and hit the floor dancin’.

This entry was posted on Friday, May 2nd, 2008 at 3:10 pm and is filed under Check This Out, Sez Me, Off The Cuff, Economy, Predictions. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.