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Strategies & Market Trends : Waiting for the big Kahuna

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To: Geriq who wrote (59391)8/7/2002 7:22:30 PM
From: yard_man  Read Replies (1) of 94695
 
>>Mind if I ask why you think OSX.X is going to drop to the 50's? <<

demand => price for oil.

could be wrong about supply. Won't drop there if we go to war with Iraq, but if we don't it will, IMO. Two weeks was a bit of hyperbole -- certainly I would expect that in at least 2 - 3 months if there is not a war.

Oil service sector will reflect the slowdown in consumption before it happens. Sure, we'll all still be driving our Navigators (you have one, too, don't you <vbg>), but it is use at the margin that determines price ...
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