Sunday, March 02, 2008

Long-Term CRB Index Graph


(click on image to enlarge)

BOTTOM LINE: The CRB Index is up 122.3% from the October 2001 low, but is 37.7% higher in just the last six months even as global growth decelerates. In my opinion, this type of parabolic move in commodities is unsustainable and has many of the characteristics seen during other blow-off tops.

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