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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: ild who wrote (71179)	10/6/2006 9:09:16 PM
From: Wyätt Gwyön	of 110194

he forgot to mention that he was bearish all the way up... today the WSJ had a "bull vs. bear" debate on oil, but they were both bearish. here's what the bull said: "Market fundamentals support prices in the high $50-per barrel range... Will we see another price record? The answer is no. And predictions of $100 per barrel are unfounded. Market fundamentals do not support such a price... Even if OPEC announces a production cut, I doubt that OPEC members will cut production voluntarily... If the U.S. economy suffers from a recession once the government start pulling troops out of Iraq and Afghanistan and reducing government spending, oil prices will decline substantially." that is the token "bull's" perspective; in other words, the token bull is actually a bear. of course the offical "bear" was much more bearish. basically, if you want people to take you seriously, you have to be bearish on energy.

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