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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Augustus Gloop who wrote (8974)3/15/2008 1:27:18 PM
From: robert b furman  Read Replies (2) | Respond to of 33421
 
Keep it in total persective.

Delinquencies are less than 7 %.

Foreclosures less than 3-4 %

unemployment less than 5 %.

95% of the people are working and paying their mortgage.

Oil is the bubble that most should be worrying about as every now knows it is the only safe place to park your money.

Most never played commodities - a form of high leverage if there ever was one.Yet more new players than ever and record high contracts being sold.

Here's a headline you haven't heard abouot in years:

This quote taken from Monday version of IBD.

Page B9 - first column:

U.S. oil demand is down 2.7% from a year ago.Crude and gasoline stock piles are at or near multiyear highs.Global oil production is growing comdfortably ahead of demand.

Note to file Crude hit new highs 5 of last 7 days.

Prepeare for a popping bubble and no one will believe me.

Every one knows crude is a safe haven and the Dollar is going down.

THE ONE SINGLE PREREQUISITE FOR A BUBBLE POPPING - IS NO ONE EXPECTS IT - IN FACT THEY EXPECT THE OPPOSITE!!

Bob