We have been told the commodity super cycle is over but JPMorgan is getting bullish because it was just a mid-cycle slump. (click the first link)
“What I worry about is that this is happening right in front of our eyes, and there is a classic textbook wall of worry in global markets where we are now in the fifth anniversary of the global financial crisis, but the wheels are beginning to turn toward a better direction,” he said. “It looks like there is going to be a period of several months where commodity prices have a rapid rally that surprises observers.”
