Home Logon FTA Investment Managers Blog Subscribe About Us Contact Us

Search by Ticker, Keyword or CUSIP       
 
 

Blog Home
   Brian Wesbury
Chief Economist
 
Bio
X •  LinkedIn
   Bob Stein
Deputy Chief Economist
Bio
X •  LinkedIn
 
  Up or Down, It’s all Bad
Pessimist - "One who, when he has the choice of two evils, chooses both."  Credit to Oscar Wilde

We remembered this quote as we surveyed the press coverage of commodity prices and the economy.  It seems like every conversation about the economy includes something about commodity prices, especially oil and gas prices.  Not surprisingly, the pessimistic tilt has been in full bloom.  What is most interesting about this is that it doesn't matter which direction prices are moving, the media seems to think that it's bad.  Rising commodities – that's bad.  Falling commodities – that's bad, too.  The headlines below tell the story very well.  Each links to the story, but who needs the story when the headlines make it so clear.  There is nothing like a good hook in the media and it seems that the hook of choice these days is the commodity market.

As oil moved up in April:

Gold and Silver Jump on Stock Slide April 26, 2011

US profits set to suffer as commodity prices bite Apr 10, 2011

Markets fall on rising commodity prices Apr 12, 2011

High oil prices to keep markets volatile Apr 10, 2011


Since oil turned down in the past couple days:

Slumping oil, commodity prices halt stock rally

US stocks plunge on commodity price drop

US STOCKS-Commodities rout spurs selling on Wall Street

Dow Plunges as Commodities Get Hammered

Commodities fall puts financial markets on edge
Posted on Thursday, May 12, 2011 @ 3:24 PM • Post Link Print this post Printer Friendly

These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
Search Posts
 PREVIOUS POSTS
The Producer Price Index (PPI) increased 0.8% in April
Retail sales rise 0.5% in April
Trade deficit expands by $2.7 billion to $48.2 billion in March
Wesbury Presents At Tea Party Presser about the “Debt Ceiling / Spending Cut” Debate
Bulls Versus Bears, Again
Brian Wesbury at the Washington DC Tea Party press conference
Non-farm payrolls increased 244,000 in April
The Wealth Gap
Productivity rises at a 1.6% annual rate in Q1
Economic Hypochondria?
Archive
Skip Navigation Links.
Expand 20242024
Expand 20232023
Expand 20222022
Expand 20212021
Expand 20202020
Expand 20192019
Expand 20182018
Expand 20172017
Expand 20162016
Expand 20152015
Expand 20142014
Expand 20132013
Expand 20122012
Expand 20112011
Expand 20102010

Search by Topic
Skip Navigation Links.

 
The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
Follow First Trust:  
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2024 All rights reserved.