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Rap Sheet

Author:

Jam ok

Subject:

Off Topic

Date:

01/06/16 at 2:26 PM CST

 

 

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Sentiment:

Neutral

OT Commodities

OT - I continue to watch how commodities are fairing, somewhat of a proxy for the basic 'stuff' that economies need to run well. And, even independent of oil, they continue to sink. CAT (mining sales are slack), POT (High of $37.50 12 months, now $16.12 - is there not a market that need fertilizer regardless of economic conditions?), KRO (Titanium Dioxide - widespread uses, but prices continue to fall.) From this perspective, nothing looks terribly good. And I do think the Saudis will pressure oil prices at least through 2016, and maybe longer - whatever it takes to force a fair number of the smaller frackers into bankruptcy. And choking Iran economically as a side benefit.

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