Yes I know prices for commodities are up, and yes there is growing demand. Yes the bakers are going to demand things from their government. But in the face of all this I don’t buy the commodity rally. Here’s why.
Yes folks you read that right I have become a bull, but in bear’s clothing mind you. On May 18, I became a Bear in Bull’s Clothing. On July 13, 2007 I said that the market had reached its high water mark. And on December 3, 2007 I became a bear. I am very optimistic, even though I should not be. I am looking at my portfolio and right now I am staring at 0.35% returns since the beginning of this year. Until the beginning of this week my returns were around 6.8%. This week I was completely walloped. But I am completely optimistic, because after seeing this week I feel like singing Pat Benetar’s “Hit Me With Your Best Shot!”
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