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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (9459)	5/22/2008 12:30:16 AM
From: Stoctrash	Read Replies (1) \| Respond to of 33421

<<it can't escape moving with the overall market when that market is likely moving towards new annual lows.>> Steel prices going nuts the past few weeks too...friend of mine got prices on basic carbon steel he uses tons of each year and the price went up 20% in one week....scrap is booming too. He's a mfg, so he's stuck with raw material costs that he likely can't pass on fast enough. Inflation is about to hit the kicking some ass and taking names period before it gets better, imho. Tuesday, May 20, 2008 Credit Default Swaps Losses Estimated at $150 Billion Message 24606818