Prices at your local grocer will lag the futures markets, but the commodities bubble burst a few weeks ago, and it hasn't found a bottom yet. I see oil continuing to crash all the way until it gets to $90 at least. Basic materials are nosediving at the same time, and most analysts believe that the recent rally in the value of the dollar is here to stay, especially with the recession hitting Europe and the rest of the world. Today's inflation data was alarming, but it's old news at this point. The main issue is that the equities rally has to be sustained enough for the economy to show true signs of recovery, which is what most people are fidgeting over right now. If it doesn't, at some point the fed is going to be forced to raise rates, and then we'll be in real trouble. So far the crash in commodities prices is giving us a lot of breathing room.