Big Dog's Boom Boom Room Message Board

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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: ChanceIs who wrote (130135)	4/6/2010 4:28:19 PM
From: profile_14	1 Recommendation Read Replies (1) of 206176

What will this do to the price of my oily stocks?? Depends which stocks you are talking about, right. I am short E&Ps and long service companies a bit, but pretty short the market now, including a lot of momo names (that are hurting a lot) outside of this board's spectrum. Rates are climbing, but the market seems to want a little inflation (not here yet) to feel good. They will get it. Commodities are up. Ore is up 90%+, translating into 21% increase in steel prices, which has everyone (that reads a paper). Of course we don't need appliances or cars any more. China will appreciate its currency and increase its purchasing power, and in so doing will let the dollar fall. What do we export? Services. What do we buy, products. Those prices will rise and our affordability will fall. Who is going to buy those products (we are about a third of world GDP)? I smell a funk coming around the corner, perhaps the 2nd half of the year, where equities fall and fixed income falls less than equities, but at least you're getting paid in the interim. Just my 2 cents.

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