Here's an article from Bloomberg that makes interesting reading
But ... further than that, is it an indicator we are approaching a sentiment extreme? Or ... alternatively is there more downside to come?
- 15-month commodities "free-fall"
- Diminished demand from China
- An end to the cheap-money era provided by the Federal Reserve
- A Bloomberg index of commodity futures has fallen 50 percent since a 2011 high
- Alcoa to break itself into two companies amid a glut stemming from booming production
- Shell to abandon its drilling campaign in U.S. Arctic waters after spending $7 billion
- Glencore falling by as much as 31 percent in London trading
- "With China slowing down and a lot of uncertainty, fears in the market have intensified, and the reduction in the pace of demand growth for all commodities has seemed to send everybody off the cliff," said Ed Hirs, managing director of a small oil producer who teaches energy economics at the University of Houston.
I don't think its over, but asking the question. Comments welcome.
