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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Terry Whitman who wrote (9723)7/23/2008 12:20:56 PM
From: nspolar  Read Replies (1) of 33421
 
Terry, it appears to me the CRB/CCI indices are now in a '2' correction. This correction in total should last 4/5 years, which should give us some decent price relief at the pump as well as the grocery counter. Should be very positive and welcomed by all.

But if we think commodities are high now, wait until later. They are surely going much higher.

Gold imo correlates very well with the CRB.

What is of some interest to me is to see how the various entities that track the CRB/CCI hold up relative to each other. I don't really know how to follow that so .... if you have any ideas let us know.

If oil for example holds up fairly well, another huge crack-up move will yet come (in oil).

There is another possible side to all the issues unfolding ... globally we may be in only the early innings of a huge expansionary type boom of all time. A true global boom.

There is just a lot of expansionary activity going on.

There is so much doom and gloom. On the positive side a significant sector within the US economy is going through a major retrenchment, yet there is no conclusive evidence that this has pulled or will pull the entire economy down with it. Secondarily this country is technically at war. Yet the economy in general has kept on trucking. In a way I think that is quite impressive. Maybe it also infers when judgement day comes it will be quite severe.
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