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

To: patron_anejo_por_favor who wrote (125121)	5/24/2008 2:55:51 AM
From: coachbobknight	Read Replies (4) \| Respond to of 306849

we were surprised as well by the supply numbers this week...i think next wednesday will be different... look for a drop in oil tuesday after gasoline usage figures for this weekend are meaningfully lower than last year...maybe 5%... congressfolk will get an earful when they return to their districts this holiday weekend... longer term i expect the cftc to be forced to raise margin requirements for futures trading...maybe up to 40%...that would hurt commodity prices obviously... and the fed signalled that rate cuts are done so the dollar could even strengthen moderately over time...at least versus the euro as the ecb is forced to begin cutting later this year... the oil trade is over i think for the rest of 2008 as we get ready for a democratic president and a pullout from IRAQ(tomorrow please)... i am tired of seeing t boone talking his book on oil... i WANT that guy to be shown the door on his long oil trade...