Commodity prices are dropping… Not just oil, but the various indexes are showing a clear top in the last few days. That suggests the economic slowdown is suppressing demand for things like copper, natural gas, lumber and food… part of the reason is the dollar has been going up, but that’s not the whole story.
Looking at which stocks are going up and down…. the losers are the energy producers, the winners are the power companies…. most banks are also going down…. There was some blurb about a deal with anglo-american and some coal company – maybe that was related.
