26.04.2012 - Passive aggression in commodities
Commodities stink. Note the use of the plural there. Putting your money into a basket of raw materials has become commonplace. What better way to invest in this post-tech-bubble, pre-Chinese dominance world? Wall Street has pushed this asset class with almost as much fervor as it did dot-coms in the 1990s. Thing is, looking across multiple time horizons, broad bets on commodities quite often haven't delivered. According to data from FactSet Research, total returns on the S&P 500 have beaten those on broad raw materials trackers such as the Standard & Poor's-Goldman Sachs Commodity Index and the Dow Jones-UBS Commodity Index over the past three months, year-to-date and the past six months...............................................Full Article: Source
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