Record high prices combined with a strong bullish consensus are the hallmarks of a speculative bubble and should give commodities investors pause for thought. It may be too early to place bearish bets, but fund demand and political turmoil cannot indefinitely obscure the cyclical nature of commodity markets.
[composed and posted with ecto]
Technorati Tags: Gas, Oil, Commodities, Russia
Is this the Lex Column's equivalent of the Economist's $5/bbl oil or a prescient warning of froth. Although I worry in a very frothy Russia that its increasingly difficult to distinguish the head from the alcohol (if the analogy has not become too twisted..)
Lex: Commodities:Record high prices combined with a strong bullish consensus are the hallmarks of a speculative bubble and should give commodities investors pause for thought. It may be too early to place bearish bets, but fund demand and political turmoil cannot indefinitely obscure the cyclical nature of commodity markets.
[composed and posted with ecto]
Technorati Tags: Gas, Oil, Commodities, Russia
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