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Politics : Politics for Pros- moderated

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To: Katelew who wrote (413236)2/26/2011 11:45:31 AM
From: Brumar89  Read Replies (1) of 793964
 
Sounds to me like speculators are at best pushing prices up or down over whatever the fundamental trend is for a time and any period over the trend is going to ultimately be compensated for a period under the trend:


Agricultural “products had a great run, but now the opportunity appears to be in oil and gold,” said Walter “Bucky” Hellwig, who helps oversee $17 billion at BB&T Wealth Management in Birmingham, Alabama. “If I am the hedge-fund manager, I’m getting killed on the long grain positions.”
...
“The trend itself is based on fundamentals, but price moves are magnified on the upside and downside by demand from speculators,” said James Paulsen ...

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