AI
Sunday, December 16, 2007 4:13:36 PM
COMMODITY INDEX?
Does anyone know of a single index that (essentially) tracks a basket of all types of commodities - metals, food, oil? The CRB index covers metals and food, but not oil.
The reason I ask is because (YES, IT'S TRUE) I believe commodities either were (or still are) in a bubble. I'm not sure where they are in the bubble and that is where a single index (where I can view the chart) would tell me.
I'm sure some will say, one commodity can hardly be compared to another, but I don't buy it. Every one of them are the result of two things IMO.
1) Y2K Tech bubble pops. Money goes RE. RE bubble pops. Money goes to commodities.
2) World wide credit bubble, coupled with Chindia's massive (and impossible to sustain) growth rate(s) is DIRECTLY correlated to outrageous commodity prices - all commodities.
Below is the CRB chart, but (again), I would like to see one that included oil. Either way, the chart isn't going to look any better (less like a bubble).
Len
Does anyone know of a single index that (essentially) tracks a basket of all types of commodities - metals, food, oil? The CRB index covers metals and food, but not oil.
The reason I ask is because (YES, IT'S TRUE) I believe commodities either were (or still are) in a bubble. I'm not sure where they are in the bubble and that is where a single index (where I can view the chart) would tell me.
I'm sure some will say, one commodity can hardly be compared to another, but I don't buy it. Every one of them are the result of two things IMO.
1) Y2K Tech bubble pops. Money goes RE. RE bubble pops. Money goes to commodities.
2) World wide credit bubble, coupled with Chindia's massive (and impossible to sustain) growth rate(s) is DIRECTLY correlated to outrageous commodity prices - all commodities.
Below is the CRB chart, but (again), I would like to see one that included oil. Either way, the chart isn't going to look any better (less like a bubble).
Len
Warren Buffet: 5 minutes and 17 seconds of pure, unadulterated, bulletproof, flawless logic.
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