The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: MulhollandDrive who wrote (173711)	12/26/2008 1:00:51 PM
From: patron_anejo_por_favor	Read Replies (1) of 306849

I wasn't challenging you on gold....but I challenge you to decipher this:<G> >>Q: February going into contango doesn’t give you any hope? A: There is no hope because until and unless the automobile industry with the bailout package has been given, it is an utter failure. They are saying we are giving you some loan for three months, if you don’t do well we call back. It is an uncertain era. The four major automakers are on the stage of failure. They are claiming for bankruptcy. We cannot expect a better market at this price. Even if crude bounces to USD 50 per barrel, it will be a technical pullback rally. Again those who have got stuck, people will sell. There are rumors that 25 super tankers are filled and there are no buyers.<< He's basing worldwide oil demand on whether Chrysler goes BK? Say what? BTW, the world's biggest refinery just started operations this week in India. So tankers are gonna be moving crude there one way or another.....

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