AWFULLY HIGH BOTTOM:

Crude's Slide Greases A New Bull (Martin T. Sosnoff 08.15.08, Forbes)

Barring major geopolitical upsets, we've seen the lows for this market cycle.

I stand beside what I've said before: The next bull market needs to sniff out the bottom for home prices and mortgage delinquencies. I'm out a year. Your guess is as good as mine. Mortgage rates now stand too punitive. The pinball machine lights up when they go below 6%. At 5.75%, Bob De Niro, step aside, I'm your new raging bull.

These past several years the world was one gigantic hedge fund. The smart money shorted the dollar and owned oil, industrial commodities and whatever grows in the ground--even farmland and timber reserves. The best working hypothesis always is under 25 words, but all encompassing.

Tons of financial money-playing commodities actually shortened the bull cycle by forging spikes in oil, gold and corn prematurely. Now for the unraveling, which is bullish for stocks.