"Necessities of life should not be on the stock market."
Do you mean things like wheat, corn, vegetable oil?
The futures market serves the sellers and buyers alike.
There is a tight oil market for many reasons, but not enough to explain the current prices. The biggest reason prices are going up is that there are billions of dollars sitting in retirement accounts looking for a place to go. The mortgage backed money market soaked up billions of those dollars until the melt down. The managers are dumping that money in commodities because they think it will bring a better return and be safer than the money markets.
Once the prices start to slip, they will fall quickly as all the money managers race not to be last out of the market. Bubbles pop.
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Today's Featured Article - The 8N and the Fox - by Zane Sherman. Dec. 13 1998, Renfroe, Alabama. Last niht I dreamed about the day that I plowed the field of about 10 acres over on what Jimmy and Dandy called the Ledbetter field. I was driving the 1948 8N Ford tractor that Jimmy bought in 48 new This was prebably in about 1951 and maybe even befor the house was built. This would have made me to be about16 years old and I drove the tractor for nothing and would have paid to drive it if I had had any money which I didn't, but neit
... [Read Article]
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