The SlowLane - re Coxe
Thanks for printing all of his 30 minute piece this week...Where do you come by such.???
Key lines were in the conclusion for me...
"if we get the first two or three Fed tightenings and we have not had a collapse in the mortgage-backed sector of the market and if China is seen to have been reining in its growth somewhat without a collapse, there's a wall of money waiting to come in to buy the commodity stocks.
So,if the news should turn out to be anything better than the fears of the market, the impact on the commodity stocks will be enormous and it may not be that great on the bond market, because the bond market is already pricing in a lot of activity."
I think he's got it correct....There's been a pulling back a wait and see developing....If the light goes green from amber for bigger investors most interested in maintaining wealth and they moves goes back on to the commodity wagon....boom...away we go again...I suspect this will be the outcome as the FED raises in two 1/4 step moves...mostly already discounted and not enough to extinguish the inflationary lights.
As an indication of how things are developing investors and traders may wish to watch the Commodity Producing Company Index ($crx)....Will it hold 325??
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