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

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To: Jim Willie CB who wrote (724)9/12/2003 2:12:09 PM
From: mishedlo  Read Replies (1) of 110194
 
From Minyanville
Since June, nearby crude futures have been in a $28.50-$33 trading range. This morning, they broke below the June lows and are just about at $28. If that break holds and crude can head to the mid-20's, that would be a positive factor for both the economy and financial market prices.
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Well the conspiracy theorist in me says they need some positive economic news and will do anything to get it. Let's see how low they can get oil by shorting it.

I would like to buy a oil future at 24 or so, the snapback to 40 should be a doozy when something bad happens in Saudia Arabia

M
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