Ding-Dong, the Witch Is Dead!
That seems to be the reaction in the markets as Fidel Castro steps down as Cuba's President. Certainly it cracks the door on a whole array of investing opportunities. We aren't there yet. Still, optimism seems to pervade the market, and bank and credit write-offs seem to be last week's news.
Here is some news that caught my eye ...
Bauxite Rises 30 Percent, Double Last Year's Gain, on China's Ore Demand Bauxite prices have risen as much as 30 percent since January, twice as much as last year, on rising demand in China and dwindling exports from Indonesia, the Asian nation's main supplier of the aluminum-making material.
Soybeans, Soybean Oil Rise to Records in Chicago, China on Higher Demand Soybean and soybean oil prices extended gains in Chicago and Dalian to records on demand for the commodity and as higher crude oil prices boosted the appeal of the oilseed used to make alternative fuel.
Platinum Advances to Record on Concern Supply Shortage Will Deteriorate Platinum rose to a record in London for a 14th consecutive day on concern that power cuts in South Africa will worsen a supply short
Copper Rises Past $8,000 in London on Expectations China Imports Will Grow Copper rose beyond $8,000 a ton in London to a four-month high on speculation that China, the world's largest user, will import more of the metal. Aluminum and lead also climbed. Palladium climbed to the highest since 2001 and rhodium reached a record.
Crude Oil Advances to Five-Week High on OPEC Outlook, U.S. Refinery Fire Crude oil rose to its highest in more than five weeks on speculation OPEC will curb production and refinery disruptions may limit fuel supplies.
ABB's Indian Unit Says Profit Rises 38%; Electricity Shortage Spurs Demand ABB Ltd. India, the unit of the world's biggest builder of electricity networks, said fourth- quarter profit rose 38 percent as local companies expanded capacity to help meet power shortages.
Equity Trading Defies Bum Economy as Wall Street Transformers Proliferate The biggest surprise on Wall Street this year is proving to be the record $16.3 trillion of shares traded in the U.S. as stocks show no sign of rebounding from the first bear market since 2002 and the economy teeters on the brink of a recession.
If Exxon, Corning, Lilly Are Making So Much, How Can the S&P 500 Be Cheap? Exxon Mobil Corp. earned more in 2007 than any public company ever. Profit at Eli Lilly & Co. this year may climb by the most this decade, while Corning Inc. is forecast to make more per dollar of sales than at any time in 20 years.
Here is some news that caught my eye ...
Bauxite Rises 30 Percent, Double Last Year's Gain, on China's Ore Demand Bauxite prices have risen as much as 30 percent since January, twice as much as last year, on rising demand in China and dwindling exports from Indonesia, the Asian nation's main supplier of the aluminum-making material.
Soybeans, Soybean Oil Rise to Records in Chicago, China on Higher Demand Soybean and soybean oil prices extended gains in Chicago and Dalian to records on demand for the commodity and as higher crude oil prices boosted the appeal of the oilseed used to make alternative fuel.
Platinum Advances to Record on Concern Supply Shortage Will Deteriorate Platinum rose to a record in London for a 14th consecutive day on concern that power cuts in South Africa will worsen a supply short
Copper Rises Past $8,000 in London on Expectations China Imports Will Grow Copper rose beyond $8,000 a ton in London to a four-month high on speculation that China, the world's largest user, will import more of the metal. Aluminum and lead also climbed. Palladium climbed to the highest since 2001 and rhodium reached a record.
Crude Oil Advances to Five-Week High on OPEC Outlook, U.S. Refinery Fire Crude oil rose to its highest in more than five weeks on speculation OPEC will curb production and refinery disruptions may limit fuel supplies.
ABB's Indian Unit Says Profit Rises 38%; Electricity Shortage Spurs Demand ABB Ltd. India, the unit of the world's biggest builder of electricity networks, said fourth- quarter profit rose 38 percent as local companies expanded capacity to help meet power shortages.
Equity Trading Defies Bum Economy as Wall Street Transformers Proliferate The biggest surprise on Wall Street this year is proving to be the record $16.3 trillion of shares traded in the U.S. as stocks show no sign of rebounding from the first bear market since 2002 and the economy teeters on the brink of a recession.
If Exxon, Corning, Lilly Are Making So Much, How Can the S&P 500 Be Cheap? Exxon Mobil Corp. earned more in 2007 than any public company ever. Profit at Eli Lilly & Co. this year may climb by the most this decade, while Corning Inc. is forecast to make more per dollar of sales than at any time in 20 years.
Labels: agriculture, commodity supercycle, copper, crude oil
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posted by Sean Brodrick @ 8:13 AM
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