7/5/07

Commodities, bond yields, and stock prices

Commodity and commodity sensitive stocks are rising quite sharply. Their trend has strong inflationary implications. Not coincidentally the dollar is weak and bond yields are rising.

These developments are bad news for the stock market. Stocks will rise sharply again when these trends are reversed.

More on http://www.peterdag.com/.

George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977

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