John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Augustus Gloop who wrote (8234)	9/11/2007 9:50:47 PM
From: John Pitera	Read Replies (1) of 33421

I think we may just see a discount rate cut. Np FFunds rate cut-- Look at Crude oil making new highs, gold very strong. and equities are holding up. BIG OIL (FACTS) Key milestones from yesterday's energy-futures trading: • Nymex-traded crude oil for October delivery rose 74 cents per barrel, or 1%, to an exchange record settlement high of $78.23. • Year-to-date, crude is up 28.1%. • Taking inflation into account, the oil futures record is still the inflation-adjusted $101.57, set in April 1980. • Gasoline futures are up for three of the past five sessions and 23.7% on the year. • Heating-oil futures, at $2.1827 a gallon, are only two cents away from the Nymex record close -- and up 35.9% on the year. Source: WSJ Market Data Group

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