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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Fun-da-Mental#1 who wrote (26174)9/17/1999 8:12:00 PM
From: Haim R. Branisteanu  Respond to of 99985
 
My expectation on oil was $20 to $22. Now we are above 24.5 which will inflict pain. Remember the Euro is 15% below it's level in January so Europe is taking a bigger hit, not to mention Brazil (population over 160 million and India - population 1 billion)

Higher oil prices are like a tax - most Americans drive daily and use plenty of electricity,

Oh and I just forgot all those SUV running 5 miles a gallon not 20 miles<GG>

BWDIK
Haim