Can commodities do it again in 2010? I’d say the odds are against it
posted on January 5, 2010 at 12:07 pm
Stock markets staged a strong rally yesterday, January 4, boosted by strength in commodities and commodity stocks.
The Standard & Poor’s 500 stock index climbed 1.6% and the Dow Jones Industrial Average was up 1.5%. Oil (West Texas Intermediate) climbed $2.15 a barrel to $81.51. Copper hit a 16-month high at $7,536 a metric ton. Lead soared by 2.9% and tin by 3.4%.
Is this—rising commodity prices powering a climbing stock market—a trend that you want to bet on in 2010? Or was yesterday’s rally in commodity prices a one-day wonder?
Somewhere in between, I’d say. Read more
