Is the Commodity Bull Market Over? - Scott Rothbort

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Is the Commodity Bull Market Over?
May 04, 2008 07:18 AM UTC

Scott Rothbort

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Symbol	Sentiment	Start	Return	Closed
DVN		05/04/08	-38.87%	--
HP		05/04/08	-27.97%	--
SWN		05/04/08	+8.23%	--
CHK		05/04/08	-52.50%	--

Via Long Investment Ideas from Seeking Alpha:

We are in the midst of a pullback in commodities
and their related stocks. Is this the end of the bull market in
commodities? I think not.

The commodity bull run is a multivariate
model. One variable was the foreign exchange factor. As the dollar
weakened, the price of commodities in dollar terms rose. This past week the
dollar strengthened after the market interpreted the most recent FOMC
statement as sending a signal that the monetary body is likely to end
its most recent cycle of interest rate cuts.

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