Deepening rout in commodities stokes fears about world economy HotAir
The broad selloff is a major concern for some analysts because commodity prices can provide a real-time indicator of activity in the world economy. The current slide reflects slumping demand and bloated inventories, a recipe for excess supply. Some investors worry the widespread selling of assets associated with risk also portends more pain ahead for stocks.
We know there s going to be continued volatility, said Shannon Saccocia, chief investment officer of Boston Private, which has been maintaining a smaller position in stocks than the benchmark it tracks. With this uncertainty, you re not really sure what the best place to hide would be.
via hotair.com
I’m very concerned.