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


To: Wyätt Gwyön who wrote (69879)9/16/2006 4:22:26 PM
From: loantech  Respond to of 110194
 
Wow. I think the house I grew up in was about 1 year annual salary. My dad was a mine foreman in the early 50's. I assume he made $400 a month then. He said our house was about 4-5K.

8 X = trouble.



To: Wyätt Gwyön who wrote (69879)9/18/2006 2:01:35 PM
From: NOW  Read Replies (1) | Respond to of 110194
 
" OIL, After the Break--What Now?

PREFACE: Surety in the financial markets is at best fleeting, and at worst, the product of unchecked imagination or ruinous overconfidence. Surety in the commodity markets--particularly over the short term--is at best an educated guess--and at worst, psychotic.

To that end, my relative "surety" of the recent decline in oil prices was predicated on what I perceived as an overwhelming confluence of sentiment and price data and congruent support from the price-feedback loop as time progressed. (Posts 7/14, 8/8, 8/28)

Although my current read on oil is somewhat less clear over the very near term--the intermediate outlook (beyond the next few weeks) is less hazy and remains quite bearish:"
sixthmanresearch.blogspot.com