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Nucor Corporation Message Board

  • darth_nihilist22 darth_nihilist22 Sep 14, 2008 5:57 PM Flag

    This week in commodities


    anyone want to opine on commodity action this week? w/ respect to the overall market there is huge potential for major meltdown tomorrow if nothing gets done w/ LEH. but the flip side is BAC and MER may tie up providing some clarification one 1 of the remaining 3 high profile toxic waste entities (WM, AIG). If no LEH deal gets done I think there is a strong possibility the Fed cuts, maybe even 50 bp, which means $ down and commodities up. Also, lots of Ike damage (God be with the victims), could mean increase in steel demand. lots to chew on, any thoughts out there?

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52.72+0.40(+0.76%)Jul 22 4:00 PMEDT