Gone4Good
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Sep 9, 2005
- Messages
- 5,381
HaHa said:And with respect to crude oil-- and even more so natural gas within easy reach of US markets-- it may well be different this time. Ever see $14/MCF natural gas before? It will undoubtedly come off that level, but the fact that it is there at all is something that has to be addressed.
He-he, he-he, he. Mary Meeker said the same thing about NASDAQ 5,000. More so than with internet stocks, high commodity prices generally sow the seeds of their own (demand) destruction - which is typically how they are "addressed."
For the record, I'm all in favor of adding some commodities to my portfolio for diversification purposes. I fully intend to do so once a nice sharp correction breaks all the fast money chimps.