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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: RetiredNow who wrote (232456)5/12/2005 3:40:57 PM
From: 10K a day  Respond to of 1573921
 
which market r u watching?



To: RetiredNow who wrote (232456)5/12/2005 4:28:00 PM
From: tejek  Respond to of 1573921
 
Nonsense.....oil is going no where.

Oh really? I think you will be shocked to know that increased supply equals lower prices when we're talking about commodity goods.

story.news.yahoo.com.
Oil dives to 3-month low as stocks rise


April/May are 'shoulder' months.....inventories typically rise during those months and prices fall. It happens almost every year. The oil chart that I showed you is still very much in a uptrend. Supply is much more inelastic than demand. That's what's helped get prices so high.

ted