Commodity Markets Get Slammed

Filed under: Major Movement, International Markets, China, Market Matters, Commodities, Oil, Agriculture, S and P 500, Federal Reserve, Currency

It was a classic commodity rout. Speculators were stopped out. Hedge funds started bailing out and traders simply sold short, short short. The reason given was a fear that China would curb inflation which was stated at 4.4% for October, as reported in the Wall Street Journal. Worry over Ireland and Portugal were thrown in as supporting reasons for the sell off.



Except for the bond market, and the US Dollar virtually no sector was left unscathed. Let's look at the numbers:

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Commodity Markets Get Slammed originally appeared on BloggingStocks on Tue, 16 Nov 2010 18:00:00 EST. Please see our terms for use of feeds.

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