Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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Oct 31 5:00 PM EST

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To: GROUND ZERO™ who wrote (40010)	11/7/2012 5:59:36 PM
From: Keith Feral	1 Recommendation Read Replies (2) of 218305

We captured 1 major positive for the economy, not necessarily the market, over the past 4 years and that is abundant and cheap credit. As usual, the concern over the fiscal cliff won the day today which is helping to lower oil prices for the first time in a decade in an orderly manner. I still expect that oil prices could head from $85 to $65 over time as Brent weakens from $107 to $92. I still expect the ECB has much more room to lower rates, which may be on the way at their next meeting. Maybe that is the real catalyst driving the Euro lower right now, not to mention lower growth in Germany. Only a matter of time before German growth slows down like the rest of Europe. Maybe that gets the Euro back to 1.25 or lower this year or next. Oil prices have to move lower in order for any economic growth to be re-established in US, Europe or anywhere else. I'm more bullish on growth with oil at $85 today than $112 last May. I'd be even more bullish on growth with oil prices back near $65 next year.

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