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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: ecrire who wrote (1984)	6/25/2006 10:10:16 PM
From: yard_man	Respond to of 50211

>>Re Oil: the bear case seems to rest entirely on a worldwide recession. I think that's a dubious assumption.<< Au contraire: Higher oil prices (I mean higher from here) + tightening monetary policy (world-wide) + the excesses of the prior credit boom == sure foundation for economic slowdown. [BTW -- the yield curve did invert recently -- some yahoos say that is the surest sign of a coming recession -- but what do they know -- they are yahoos, after all <g>] I think oil is not going back down significantly AND I still think oil service sector is a SELL. Let's watch for the next 6-9 months and see if we can't have BOTH: 1) Crude to new highs and 2) Selloff in OSX stocks call me schizo -- I think it is coming. [the cure for high prices is higher prices?? -- kinda makes sense to me ...]