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Politics : Welcome to Slider's Dugout

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To: SliderOnTheBlack who wrote (6958)	11/8/2007 10:21:55 AM
From: jim_p	Read Replies (1) of 50383

The trend was down for the S&P and the Dow and it's now down for the tech stocks as well after yesterday. Almost every sector is now in a bear market except gold. It's time to stay short and limit the profit taking to days of extreme sell offs. Stay short the market and long gold and stay with the trend. The price of oil will continue to rise until we see an increase in supply, or a decrease in economic growth. My guess is we are past the point of no return and economic growth will come to a screeching halt both here and abroad. The foreign markets are pricing in continued high growth and it isn’t going to happen. The price of oil is telling you that we do not have the supplies of oil that are necessary for the continued high growth of foreign economies. Housing bubble + Credit Crunch + high energy costs = market crash. Nice day yesterday!! Jim

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