insane stock valuation across the boardunless you think 130$ oil is sane AND sustainable
You see, the World is slowing down completely. Even China and other BRIC countries. Why in the hell are commodity prices still holding up or rising is for lala land believers. Oil peak oil schmeak. Bottom line, consumption is falling down in cars, housing, retail , electronics.....etc.
So, prices can only be what people will be willing to pay. PERIOD.
So these hedge funds are most surely in their last mile selling or taking profit since I expect within the next few months, a total bloodbath similar to 1998....for political reasons probably after China Olympics.
we shall see, but it sure in hell ain`t time to be exposed in commodities....it`s playing against the odds.