Commodities euphoria may signal bubble April 26, 2005 Goldman Sachs analysts sent crude oil prices soaring when they said March 30 that the price could eventually reach US$105 (HK$819) a barrel. To Larry Berman, chief technical strategist at CIBC World Markets, it had the whiff of late 1998, when analyst Henry Blodget forecast Amazon.com shares would hit US$400 a share. They did - and then tumbled 80 percent over two years, signaling the end of the technology bubble. A forecast like Goldman's ``does typically mark the euphoria that's seen at market extremes,'' Berman said. After a two-year surge in commodities...
