Commodities, oh darn

[Biggus Piggus]

Major commodities, current price vs. peak:

Nickel -65.8%
Zinc -64.7%
Lead -55.5%
Natural Gas -38.2%
Wheat -36.8%
Red Wheat -36.4%
Corn -31.7%
Silver -29.8%
Sugar -29.5%
Soybeans -25.6%
Heating Oil -24.4%
GasOil -23.5%
RBOB Gas -22.7%
Brent Crude Oil -22.7%
WTI Crude Oil -22.4%
Cotton -22.0%
GSCI Index -21.8%
Gold -19.2%
Copper -18.6%
Cocoa -17.7%
Aluminum -16.7%
Coffee -16.1%
Lean Hogs -3.2%
Feeder Cattle -2.7%
Live Cattle -1.0%

Some stocks respond immediately to these price moves.  Others move later. 

Major downturns in commodities usually last multiple years.  If that happens this time, oil & gas will suck for quite a while longer.

Consumer stuff, goods and services, should act favorably if this trend is sustained.

[SultanofSwine]

My concern is while that would normally hold true, I just cant see it right now. With the banking issues and an as of yet unrealized mess within the mortgage industry not to mention credit cards, I cant get optomistic about how much consumer support the market will feel in those areas atleast over the next 6-9 months. That's not to say that there wont be any because I think there will be, I just expect it will come in slower and lighter than might normally occur with the scenario you are talking about.