I just hope this is not a preview of a cyclical deflationary cycle.
I don't think it will be anything immediate. The stock market is looking too nice at the moment. In 1 to 1.5 years we could get a nasty downturn IMO. I don't think we take out the 2008/2009 lows. But it's going to scare everyone. Think it occurs when Benny takes the punch bowl away.
I've been way off on my commodity prediction. I'm still up very nicely this year in my leveraged acct with mini-Dow trading. My cash (401k) has done extremely well with DSX, MMM, and XLI this year. I've missed any potential commodity shorts and the US Dollar bull that has now begun. I'll be making an entry in it shortly.