Oil tops this week and will be cut in half by July of next year
The stock market is going to have a bottom this month I doubt if it will go much lower than 10600 for now ..we are near a tradeable bottom. If you want to short something short the commodities. The financials ...symbol UYG 17.43...double long the financial index long is a good play for the next 2 months.
the DUG double short the oil index is a good play now 30.45 should see 55 to 60 this year
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Oil tops this week and will be cut in half by July of next year
The stock market is going to have a bottom this month I doubt if it will go much lower than 10600 for now ..we are near a tradeable bottom. If you want to short something short the commodities. The financials ...symbol UYG 17.43...double long the financial index long is a good play for the next 2 months.
the DUG double short the oil index is a good play now 30.45 should see 55 to 60 this year
What exactly do you base this off of? It sounds nice and all, but what are you looking at that leads you to believe this.
I thought we would peak around the 4th of July just short of the $150 mark that one of the analysts had predicted. While that did happen, I am not so sure that it does not continue to go higher now, since Iran/Israel is heating up, demand has only gone down by 2% and other various little things.
What exactly do you base this off of? It sounds nice and all, but what are you looking at that leads you to believe this.
I thought we would peak around the 4th of July just short of the $150 mark that one of the analysts had predicted. While that did happen, I am not so sure that it does not continue to go higher now, since Iran/Israel is heating up, demand has only gone down by 2% and other various little things.
Goddaman, Mikey, I hope you're right. Even with having the elves furiously printing money that doesn't exist, your scenarios would need some sort of shocking peace agreement in the mid-east that actually works.
Then bin Laden would have to die and be caught on video saying terrorism was beaten....let's face it....etc.....
The financials would have to participate for any rally to be substantiated, so they would basically have to lie like there's no tomorrow on their quarterly reports the next year or so.
Then all the euphoria would go caput once the lies were discovered, and then the Mayans will see the world truly end by 2012.
Goddaman, Mikey, I hope you're right. Even with having the elves furiously printing money that doesn't exist, your scenarios would need some sort of shocking peace agreement in the mid-east that actually works.
Then bin Laden would have to die and be caught on video saying terrorism was beaten....let's face it....etc.....
The financials would have to participate for any rally to be substantiated, so they would basically have to lie like there's no tomorrow on their quarterly reports the next year or so.
Then all the euphoria would go caput once the lies were discovered, and then the Mayans will see the world truly end by 2012.
Oh yeah, we'd have to pull out of Iraq.....there'd have to be a smooth transition with no violence. All the people there would have to be shown on video on a daily basis praising the USA.
We'd have to pull out of Afghanistan....same thing.....no violence.
N Korea would have to never be seen or heard from on anything.
The China Olympics has to be perfect.
And to top it all off, there has to be perfect weather the world over to force commodity prices down.
If all this happened, I would love it, and Jimmy Rogers would not.
Let's face it, not a lot of good is going to happen on late, great planet earth any time soon.
Oh yeah, we'd have to pull out of Iraq.....there'd have to be a smooth transition with no violence. All the people there would have to be shown on video on a daily basis praising the USA.
We'd have to pull out of Afghanistan....same thing.....no violence.
N Korea would have to never be seen or heard from on anything.
The China Olympics has to be perfect.
And to top it all off, there has to be perfect weather the world over to force commodity prices down.
If all this happened, I would love it, and Jimmy Rogers would not.
Let's face it, not a lot of good is going to happen on late, great planet earth any time soon.
new cars are the only way that oil is going to go down.. 2010 maybe oil will be down since we will be finally utilizing electric motors along with i.c.e. to truly start cutting oil usage.
new cars are the only way that oil is going to go down.. 2010 maybe oil will be down since we will be finally utilizing electric motors along with i.c.e. to truly start cutting oil usage.
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