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

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To: yard_man who wrote (19670)10/10/2004 4:36:05 PM
From: XBrit  Read Replies (1) of 110194
 
>>I think oil gets its capitulation blowoff / squeeze to near 60 soon<<

So you're expecting the Chinese economy to roll over from 10-15% growth into recession in the next 3 weeks? Otherwise, that remark makes no sense whatever. The oil price is NOT driven by speculation, it's driven by real supply/demand imbalances. It's historical fact that oil usage is fairly insensitive to price, so that large price changes are needed to resolve even modest market imbalances.
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