Justin_Forest's  Instablog

Rachel Maddow gives an Interesting report the financial disclosure report of Judge Martin Feldman who ruled against the Obama administration's moratorium on offshore drilling. Unbelievable what outrageous conflicts of interests we see in our judicial system!

Watch the video on MSNBC

Commodities prices (shown by the Reuters/Jefferies CRB index) continue to show weakness since market bottomed in March of 2009. Commodities was also showing weakness in the last rally from February to April when it failed to reach a new high. This is Good News indeed because low commodity/energy prices means lower costs to companies and more profits at the end of the day.

The lower pane of the chart below shows the relative price between the CRB and SP500. A decline curve shows continue weakness in the CRB relative to the SP500. I would stay away from commodities for the time being.



Disclosure: X,

Foreign governments should consider diversifying their reserves in both the US dollar and Euro. The answer is rather simple as the Euro almost correlates negatively against the US dollar. I would suggest a 50-50 weighting on both currencies to hedge any exchange risks.


Simple idea goes a long way...

SunnyForest.com

Disclosure: USD