Trading the markets..... Message Board

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Pastimes : Trading the markets.....

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To: Chip McVickar who wrote (984)	11/29/2000 9:57:14 PM
From: Moominoid	Read Replies (1) of 4583

Chip Read an article yesterday by Anatole Kaletsky - journalist on Times in London talking about his recent travels, discussion etc. Everywhere people were gloomy, but he painted a similar scenario to what I was thinking. Oil won't be going back to $12 or whatever, but I wouldn't be surprised by say $25. I base this partly on my colleague who does oil price forecasting for a UN macroeconomic model and looking at the situation myself. Demand in Asia won't grow quite as fast as thought before and the US economy will slow (but not into a recession). Some currencies like my own (Aussie) are so beaten down that some rebound against the USD is inevitable. Recent behavior suggests it could be starting. I don't think any rally will be anywhere as big as in 98 either. David

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