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

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To: Proud Deplorable who wrote (17597)	8/11/2004 3:43:00 PM
From: Hugh A	Read Replies (7) of 110194

But to try to make a connection between housing prices and oil prices... If you have read Stepehen Roach you would hardly call Morgan Stanley a cheerleader for the status quo. I think you ignore Andy Xie at your peril. Calling for oil prices above $44 forever is ludicrous - as we say in Calgary, "Please God, just one more oil boom and this time we won't piss it away". Cyclicity in oil prices is normal, expected and will continue to occur. We might be past a $10-12 floor in oil prices, but I see a 95% probability of $26 oil within two years and 50% probability within a year. HA

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