After this morning’s news about a foiled terrorist plot, one would certainly expect some spasmodic behavior in the markets.? When I looked just now, I was surprised at what I found…

Not so surprising, the airline stocks are down, but not by much (down less than 2% each).

I’m not a big believer in one-day price moves based on news, but the weakness in these commodities makes me wonder what is behind the moves.? My guess is that some speculative money wanted to take profits in these areas and re-deploy their capital based on today’s news? Maybe just people scaling back speculative positions to see what happens over the next few days?