Commodities Distort the Market Picture By Jim Cramer About this article: Can you lose every commodity and still go higher? Can the market afford to have a steel and natural gas and copper crash? Does it mean that a worldwide slowdown will wipe out everything? I am a bear on commodities but feel that to have no exposure to them is a mistake, because right now there is a buyer's strike by the most important commodity market in the world: China. It seems as if China has just disappeared, and with it the bid underneath for all sorts of commodities. Today it turns out we are getting the first price cut in steel, and I guess that is the first of many, as Arcelor Mittal is the biggest, and they put it through. I simply cannot, however, afford to be bearish when the most important determinant of future prices - long-dated not short-dated -- is inflation. Short term, we... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

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