Just checking with the inflation bulls. How's that "commodity hedge" working out? Protecting you all well against the "rampant inflation" as the "Fed is printing money 24/7"?. Good luck all: CL May -1.5% GC June -2.7% SI May -3.4% ZS May -6.0% SB May -2.0% ZW May -2.0% Oh the inflation! Oh boy oh boy!
No, I am looking at commodity prices now compared to where they were during the January Fed 75 bps - aka "THEY'RE NUTS" - rate cut. The commodity bulls on ET were preaching how we should all go long commodities as they're the only "protection against rampant inflation" as the Fed turned on the "money printing machine". Where are those guys now?
<i>"Oh the inflation! Oh boy oh boy!"</i> I stopped to gas up the truck this morning on my way to our local trout stream. With oil collapsing in the futures market, retail gas was naturally $1.49 per gallon, high-test while diesel is back to 99c where it should be. Go fill your gas & diesel tanks... the end of inflation has been confirmed in commodity futures markets.
12 posts on ET before the U.S. equity market has even opened . . . Congratulations! You must be the "alias" of S2007S. Another "professional" poster on ET. No trading. Just posting. How much does Baron pay you per post?