Commodities Roundup: Iron & Steel stocks lead the decline

September 29, 2008

Steel factoryIn a sign of the concern of a global slowdown, the DJ Iron & Steel Index has shed 15.6 percent in the past week. It is the worst-performing of the stock sector indexes tracked by DJ. (See the DJ sector indexes here). The coal stocks index is the second, followed by Industrial Metals & Mining. In fact, of the ten worst performing, only two are directly financial sector indexes and the rest are directly related to commodities, basic materials and transportation.

In the futures market, U.S. November crude settled down $10.52 to $96.37 a barrel, after touching a session low of $95.04 after lawmakers rejected the bailout package.

“This decision is a shock to the system,” said Sarah Emerson, director of Energy Security Analysis Inc. “The oil market is reacting strongly in part because of the implications of a weak economy on demand.”

Comments

OBAMA’S “ACORN” ORGANIZATION IS STILL REGISTERING VOTERS. MANY ARE ILLEGAL, OR DEAD, OR DUPLICATES. MANY COLLEGE STUDENTS ARE VOTING IN THEIR HOME TOWN, AS WELL AS IN THE TOWN WHERE THEY GO TO SCHOOL. HOMELESS PEOPLE, DEMENTIA RESIDENTS IN NURSING HOMES, ETC. ARE BEING REGISTERED AND VOTING EARLY. ALL STATES SHOULD REQUIRE A PHOTO ID AND A WAY TO CHECK OFF VOTERS (VIA SOCIAL SECURITY NUMBER, ETC.).

DURING THE DEBATE, SENATOR JOHN McCAIN SHOWED HIS REAL LIFE EXPERIENCE. HIS REMARKS WERE FROM PERSONAL KNOWLEDGE.

THE JUNIOR SENATOR OBAMA SOUNDED LIKE HE WAS MAKING A BOOK REPORT FROM SOMETHING HE HAD JUST READ.

UNTIL THE BAILOUT SITUATION IS RESOLVED — THEY BOTH NEED TO GET BACK TO DC TO DO THEIR SENATE JOBS. THAT’S WHAT THEY’RE BEING PAID TO DO.

I believe the people who walked away with tons of money should be responsible for the bail out.

If the government agrees to pay off mortgages for people who bought homes they could not afford — then the government needs to pay off ALL mortgages for ALL legal American citizens.

I don’t want my tax payments used to pay off somebody else’s home!

I PERSONALLY AM AGAINST A WALL STREET BAILOUT BUT AT LEAST FORKING OVER A THIRD OF THE MONEY — WITH THE REST CONTINGENT ON EFFECTIVENESS — MAKES SENSE.

I AM TOTALLY AGAINST GIVING 10% TO ORGANIZATIONS LIKE “ACORN”. PEOPLE SHOULD NOT BUY HOMES THEY CAN’T AFFORD. DO NOT BAIL THEM OUT.

Junior Senator Obama is a ZERO – “OBAMA FIRST”!

Senator McCain is a HERO – “COUNTRY FIRST”!

TELL YOUR REPRESENTATIVE in THE HOUSE & SENATE HOW YOU FEEL – Email THEM NOW
SAVE These Websites on Word to your DESK TOP FOR FUTURE USE:

Email your House of Representative: (THIS IS AN IMPROVED WEBSITE)
https://forms.house.gov/wyr/welcome.shtm l

Email your Senator(S)
http://www.senate.gov/general/contact_in formation/senators_cfm.cfm?State=FL

Or use Drop down list here:
http://www.senate.gov/general/contact_in formation/senators_cfm.cfm?OrderBy=state &Sort=ASC

Here is Nancy Pelosi email
AmericanVoices@mail.house.gov, sf.nancy@mail.house.gov

Dean Howard
Deanh@DNC.org
howarddean@dnc.org

Posted by REPLACE DO-NOTHING DEMS IN CONGRESS | Report as abusive
 

an article on commodities is hardly the place to vent…you must be a…BUsh(sic) supporter? mr.REPLACE DO-NOTHING DEMS IN CONGRESS

Posted by freeman | Report as abusive
 

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