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Politics : Welcome to Slider's Dugout
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From: wildandwonderful3/17/2008 4:56:54 PM
   of 50721
 
<<What is worth I turned bearish on NG today. I think there will be a correction. If there is recession, the usuage of NG is going to fall.Spring is around the corner and the market has already priced in storage falling below 1300.We will see.>>

In post 8489, i thought NG is due for a correction. I checked NG prices they have taken a hit today.NG closed 9.266 -.695. I expect them to further slide to the 7-8 range soon. I think everyone who is involved in the patch looks at the supply side.Supply and storage are tight but the demand side of the equation is still in question. Pipeline infrastructure activity makes REX Express a side show. The Gas Bubble that is sitting in the Gulf would be effectively shrunk and spread out.
This country is in the verge of recession or is already in one.These things take a very long time to turn and correct and just by cutting interest rates and increasing liqiudity is not going to pull us out of this situation. Things take time and we cant turn this ship on a dime.

Good luck everyone.
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