Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (11454)	4/7/2004 12:30:55 PM
From: Wyätt Gwyön	Read Replies (4) \| Respond to of 110194

there are a couple things i'm trying to get my mental mitt around... It's the CBs that are to blame for not removing the punch bowl. this could imply that commodities would go back to "normal" if only rates were "normalized"--a concept which itself is hard to put a number on, as even a 3% funds rate (the previous "let's party" rate of the early 90s) would be considered quite strict here, much as a decline to even a 20x PE on the SPX would cause a world of hurt even though it was historically a market top. but my thinking regarding commodities, at least hydrocarbons, is that "you can't go home now"--i.e., we are in a different era which will be characterized by ever-escalating prices. quite ironic how our reliance on cheap Chindian workers has come back to bite us in the ass at the gas pump and thermostat. OPEC is running at full capacity and way above their "quotas", and then some, and it's still not enough the thing i don't understand is why their Oil Minister would try to paint such a rosy picture. if he were to admit what you just said, we might expect oil prices to rise considerably, which would obviously benefit Aramco. so what is his motivation for not being up front about it? is he afraid the US will take over SA if oil prices spike? i would think that internally, SA must welcome higher crude prices to deal with all their budgetary problems and pay off the imams.

To: russwinter who wrote (11454)	4/7/2004 12:33:34 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 110194

volatility is at unbelievable levels in several markets today's entry is crude oil, back over 36, after a $3 drop last week's entries were euro currency and TENS yield Dow up 100, down 100, up 100, down 100 I am highly amused by the Trez yield movements they thought the jobs report was a big threat to the ongoing recession it was a weak report in most respects never thought a rise in parttime jobs would cause such a stir DOES ANYONE READ PAST THE HEADLINES & NUMBERS ??? / jim