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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Haim R. Branisteanu who wrote (71801)12/19/2009 10:03:59 AM
From: Haim R. Branisteanu  Read Replies (1) of 74559
 
Interesting prediction from BofA

BofA Merrill expects the dollar to strengthen against the euro, and the Chinese renminbi to appreciate 5% against the buck. It also looks for continued commodity inflation to push oil toward $100 a barrel by late 2010, and gold toward $1,500 an ounce in the next 18 months. That will provide support for energy and gold stocks, but pressure industries such as autos and airlines that lack pricing power but are susceptible to rising commodity costs.
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