commodity explosion only after a implosion cycle or asset deflation. Then as the world bankers print money to get us out, inflation gets a kick in the leg, as commodity prices shoot through the roof.
When the first two bear stern funds collapsed the market reacted only a little. I doubt there will be much of a reaction to this one as well.
Spectre2007: Massive deflation, which is what we had a brush with in 2000, would initially be good for the dollar, very good for Treasuries, bad for gold, and of course disastrous for stocks. Later, it would be good for gold, and later still, once the Fed reflates bigtime, good for stocks. Guys like stocktrad3r would be polishing apples by the time the reflation got around to stocks, though.