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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: patron_anejo_por_favor who wrote (218744)9/4/2009 1:46:00 PM
From: Smiling BobRead Replies (2) of 306849
 
Riddle me this.
Energy sees jobs as bearish and stocks(squid droppings)see it as bullish?
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Energy prices slide as US sheds jobs
Oil prices fall after report shows US unemployment rate reaching 26-year high

* On Friday September 4, 2009, 10:46 am EDT

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NEW YORK (AP) -- Oil prices fell on Friday after the U.S. government reported that the unemployment rate moved to a 26-year high, raising fresh concerns that energy demand will remain weak even if the economy is heading out of the recession.

Benchmark crude for October delivery fell 15 cents to $67.81 a barrel in on the New York Mercantile Exchange. The contract Thursday slipped 9 cents to settle at $67.96.
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