Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (72699)	12/26/2007 4:48:40 PM
From: ajtj99	Read Replies (3) of 116555

Mish, the GASO (unleaded gasoline) has a nested formation that is very reliable that targets $3.10 near term and $3.60 possibly. That's a 29% minimum and 50% maximum increase in the price at the pump (these are prices before taxes and distribution). This suggests we will see gasoline at $3.99/gallon and possibly as high as $4.49/gallon for regular unleaded by the end of February. That $500-Billion the EU pumped is likely going to fan inflation in the near term and likely help propel a global market blow-off. The end game to this is real bad. Think of all the money pumped into the system since July, and the stock markets have basically moved sideways during that time. Once accommodation levels out or drops, the markets will likely react adversely in a manner we have not seen for several years.

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