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Politics : Stockman Scott's Political Debate Porch
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To: Jim Willie CB who wrote (8642)10/31/2002 1:10:00 PM
From: Softechie  Read Replies (1) of 89467
 
12:35 (Dow Jones) Off-floor trader says it's notable that cotton (a commodity
with a high degree of correlation to inflation) is trading higher, and says the
turn higher corroborates the strength in the CRB index. He adds that grains
have broken out of a multiple yearlong lateral base. The breakouts, he says,
are very bullish and suggest multiple-year rallies. "Higher commodities in
conjunction with an expanding liquidity strongly suggests that inflationary
pressures will eventually develop," he says. (CMN)
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