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Jim Letourneau's Blog

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

There are Two Sides to Every Trade

Morgan Stanley is bearish on commodities while Goldman Sachs is in the bull camp. If everyone is bullish it makes it difficult for a bull market to continue as there is no investment capital left to plow into the sector.



Everyone wants to make a name for themselves as the bubble busting analyst but it is too soon for that kind of call.



``The mega-run for commodities has run its course,'' says Stephen Roach, the New York-based chief global economist at Morgan Stanley, the world's biggest securities firm. Roach in May said the surge in oil and metals was a bubble about to pop.

Bloomberg.com: U.S..