All commodities are rising now as hedges against the true state of the economy becoming known. (ie parlous).
Plus commodities are the latest 'in' investment.
Ultimately, price will be passed on to consumers, if not, ALL companies will go under and there will be no demand left for the raw material, because nobody is making anything.
I think 2006 may well see the revaluation of value shares, and some of the Hype and hope ones falling quite dramatically. (TRK and SEL spring to mind)
The one thing in AFCs favour right now is that they have taken the manufacturing outside clutches of the ludicrous regulatory environment created by the lunatic running our democracy with an unassailable majority based on 36% of the votes cast.
The FTSE though is likely to keep on rising simply because it keeps on changing so that it only contains the current top stocks. - It will soon consist only of raw material shares, energy shares and gambling shares.