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Politics : Welcome to Slider's Dugout

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From: SliderOnTheBlack5/16/2006 9:11:53 PM
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Add Marc Faber & Stephen Roach to the Commodity Bubble Camp...

Okay 'bugs -- time to throw rotten tomatoes at another Commodity Bull -- now turned turncoat:

From Dr. Marc Faber :

us.rediff.com

-- "Investment Guru Marc Faber expects most markets, including India, to see a 30% correction, which is likely in, both, equities and commodities. "

-- "Most asset markets have kind of reached the peak and I would stay aside from the market because one never knows if this is just a correction in the last ten days or is it the beginning of something more serious.

I'm not sure but looking at the shape of the market we could have most markets including India headed for something like a 30% correction. "

--"it would not surprise me if some industrial commodities have not made a major high and may not make a new high in the near future or ever again in this cycle."

From Stephen Roach:

morganstanley.com

Global: Commodity Bubble
Stephen S. Roach (New York)

-- "In the midst of a slightly subpar upturn in global growth, a low-inflation world is experiencing the sharpest run-up in commodity prices in modern history."

-- "Asset bubbles have dominated financial market experience over the past six years. The world is now in the midst of another bubble -- this one in commodities. It, too, will burst. The only question is when."

Gekko was wrong...greed is not good.

Neither is denial, or rationalization...

-- Be early
-- Be loaded and/or levered
-- Be ridin' the right bull
-- and never, ever, EVER -- be caught hanging around at "Last Call"

SOTB
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