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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: saveslivesbyday who wrote (124396)5/21/2008 11:57:13 AM
From: bentwayRespond to of 306849
 
I think oil is in a bubble. Speculators ( like me ) are bidding the price up. It's a no-brainer investment, you just put your money in and it goes up and keeps going up. There are millions of investors like me, some with billions, many, many more with mere thousands.

I think the collapse will come if Obama is elected. Then, people will know the war is going to end, tensions will ease, and the price will go into a decline until it reaches it's true equilibrium. Probably STILL over $100/bbl, due to demand.

I'm in XLE with a trailing stop. I'm already in solid profit even if my stop gets triggered.



To: saveslivesbyday who wrote (124396)5/21/2008 5:28:11 PM
From: John VosillaRead Replies (4) | Respond to of 306849
 
Looks a lot like property from 2000-05 and NASDAQ from 1995-00. That said I believe we are still in the early innings of a reflation cycle, maybe comparable to the 1970 recession that might easily run another decade.. Yes the thought of an Obama presidency but also a desperate attempt by the neocons to keep a Republican in the White House make a minicrash the next 3-4 months almost a certainty. Longer term who knows as there are so many wild cards on both the demand and supply side.. This is such an incredible trade we need our own board just for that<g>