Getting to the Point

 | Sep 28, 2011 | 4:55 PM EDT
  • Comment
  • Print Print
  • Print

At some point, the bad news will be good news.

At some point, the declines in commodities will mean more purchasing power, less worry about inflation and a sense that things are going to be better simply because it is cheaper to feed and clothe your family.

But that point has not been reached yet.

Instead, we have the worst of all possible worlds. We have commodities predicting a calamitous recession, and no one thinks that cutting down inflation means anything at all. There's no positive worldview stemming from this decline.

So, we take beatings like today. We see oil companies being cut in half from their highs -- as if oil's going to be cut in half -- yet we have Brent Crude stuck over $100 per barrel, and Brent is what matters. It's as if every commodity in the world is down -- except the one that matters!

Until Brent comes down and until we start seeing companies raise numbers in their forecasts because of declining raw costs, we are trapped in a hideous world where every commodity downtick destroys every industrial and oil, as it happened today.



News Breaks

Powered by


Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.