Opting to trade commodities over Cede & Co.-owned stock certificates? Hopeful there would at least be a physical recovery if the counterparties collapse in a bilateral netting fireball of linked counterparty exposure (as long as MF Global is not involved... or its exchange... or regulator)? Then here is a simple way to gauge relative commodity strengths and weakness courtesy of Morgan Stanley's "Commodity Thermometer" which shows what products MS is bullish and bearish on, and why.
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