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Dow down 250, Oil off $2, corn/beans not following
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Illinoisfan
Posted 2/5/2008 12:43 (#301731)
Subject: Dow down 250, Oil off $2, corn/beans not following



I have been watching this market very closely since early December, and the commodities seem to be a separate entity from the rest of the economy. Everyone has been saying to watch the outside markets, but they really haven't had that much affect on the commodities. Today is another indicator. The DOW is getting killed, yet a 4-5 cent break in corn was gobbled up to bring it to unchanged (back to yesterday's large gain). Am I the only one that thinks the rocket's engine is just getting ready to rev up (especially in corn). It is awfully hard being long at these pricey levels, but what is going to bring it down in the next few months? All thoughts are appreciated.
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