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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 379.91+0.4%Nov 11 4:00 PM EST

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To: TobagoJack who wrote (45590)2/9/2009 11:17:17 PM
From: Seeker of Truth  Read Replies (3) of 217688
 
A different topic.
To our surprise TAN and FAN are doing all right in this early Obama period. Also oil stocks are weirdly up even though current oil prices can't possibly give the companies much profit. Everybody and his brother are betting that oil prices will go up later this year. So much money is in that direction, even to the point of renting tankers, that I think in 2009 we won't see noticeable rises in oil prices. Everybody will be intent on cashing in. 2010 is then the year to make some money on oil, probably not 2009.
Seeker of Truth
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